Question

A file which contains rules governing the organization under audit is known as:
a) Current file b) Permanent file c) Routine file d) Precedence file

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Answer 1

Answer:

I hope the correct option is

D) Precedence file

I hope it will help u to proceed further

Answer 2

Answer:

A file which contains rules governing the organization under audit is known as Permanent File.

Explanation:

1. A permanent file is a bunch of records that fills in as a continuous reference for an association's outside evaluators.
2. The data in the record is expected to be gotten to more than once in progressive reviews to help the review group in the lead of their assignments.
3. The record might contain the accompanying archives:

• Accounting policies
• Articles of incorporation
• Bylaws
• Chart of accounts
• Director list
• History of the client organization
• Internal controls documentation
• Organization chart
• Prior year's audit report.

The project code is #SPJ2