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Question

A permanent audit file normally includes ____________________.

A
All of above
B
Information concerning the legal and organizational structure of the entity.
C
Copies of audited financial statements for previous years.
D
Extracts or copies of important legal documents, agreements
Solution
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Correct option is D. All of above
Following are the inclusion in a permanent audit file normally:
  1. Information concerning the legal and organizational structure of the entity,
  2. Extracts or copies of important legal documents, agreements,
  3. Copies of audited financial statements for previous years.
    Hence, the correct option is D.

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