Day: May 2, 2026

Many auditors use two types of audit files: a permanent audit file and a current audit file.

For each of the following types of information, select the appropriate file in which it will be contained.

• Audit strategy document

Select ONE answer:

1. Permanent audit file
2. Both
3. Neither
4. Current audit file

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct – The permanent audit file contains documents of ongoing relevance, whereas the current audit file contains documents and working papers that relate directly to the audit of the current year end

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