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Time period for preserving records for ca

This query is : Resolved 
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(Querist)
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.

Thanks you
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Professional Careers Academy

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Professional Careers Academy (Expert)
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
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Mohammed Dalal

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Mohammed Dalal (Querist)
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?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
23 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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