SA 230

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AMENDMENT TO SA 230 AUDIT DOCUMENTATION - RETENTION PERIOD REDUCED FROM 10 YEARS TO 7 YEARS.

Replies (14)

yes...its correct...

ya absolutely ryt!!

Originally posted by : PuRvI M!$rA

yes...its correct...
 

totally true

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
yups! it's right
but can anyone clarify whether RETENTION PERIOD of 7 years is mentioned in SA or recomended by ICAI.

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

totally true

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

totally true

It should maintain atleast upto 7 years from the date of signing of audit report.

Originally posted by : RADHIKA JALAN

thanx 4 sharing......

 

 

Thanks a lot

yes absolutely correct........................

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