AMENDMENT TO SA 230 AUDIT DOCUMENTATION - RETENTION PERIOD REDUCED FROM 10 YEARS TO 7 YEARS.
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SA 230
Replies (14)
yes...its correct...
ya absolutely ryt!!
| Originally posted by : PuRvI M!$rA | ||
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yes...its correct... |
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yups! it's right
but can anyone clarify whether RETENTION PERIOD of 7 years is mentioned in SA or recomended by ICAI.
| Originally posted by : RATIKA BINDRA | ||
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yups! it's right but can anyone clarify whether RETENTION PERIOD of 7 years is mentioned in SA or recomended by ICAI. |
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it is recomended by icai..there was a notification issued by the icai in aug'09 and as per the notification working paper should be kept for 7 yrs...
| Originally posted by : palak | ||
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totally true |
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It is as per SQC-1 .........i.e.., standard on quality control
abolutely correct...!!!
thanx 4 sharing......
thanku friends 4r ur comments
| Originally posted by : palak | ||
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totally true |
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It should maintain atleast upto 7 years from the date of signing of audit report.
yes absolutely correct........................
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