Question

Current files and permenT file are jointly known as

Answer 1

Answer:

Ok nice you can do current joint you are right way you are nice

Answer 2

Answer:

Permanent files typically contain information that can be useful to the auditor for several assignments at the audit entity, whereas current files usually contain the supporting documentation for a specific audit.

Explanation:

Current audit file has documents which are important only for current audit period unlike permanent audit file which have documents which are important from period to period like memorandum, articles , etc.

The audit team will need to maintain a current file and a permanent file. The current audit file is used to maintain audit documentation specific to the current year and would not necessarily be useful in future audits. This would include audit reports, financial statements, representation letters, etc.

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