15 December 2011
Dear Sir/s, As per ICAI- Council's decision of 1957, A CA should preserve records relating to Audit and other work done by them, routine correspondence and other work and other papers for a Minimum of 10 years.
However,our principle says that the same has been changed to a period of 8 years.
Please help with reference to Council decision and the year, if possible.
18 December 2011
hello dalal g, as per Statement on quality control 1, a ca is required to maintain working papers for a period of 7 years. rgds, CA Jatin Bansal Chandigarh
19 December 2011
Dear Sir As per Standard on Quality Control 1 point 83, it is mentioned that the retention period ordinarily is no shorter than 10 year.
Can you please mention any reference in the said standard regarding 7 years?
CAclubindia
