AA – L2 – SA – Q1.6 – Current File Content

Identify what is not expected in a current file.

Question

Which of the following would you NOT expect to see in a current file?

A Bank reconciliation

B Inventory count details

C Engagement letter

D Replies from customers relating to a circularization

Answer

Explanation:
A current file contains audit evidence for the current period, such as bank reconciliations (A), inventory count details (B), and customer replies from circularization (D). The engagement letter (C) is part of the permanent file, as it outlines the terms of the audit engagement and is not specific to the current period’s evidence. Thus, C is correct.

Tags: Audit Evidence, Current File, Engagement Letter, ICAG
Level: Level 2

Topic: Audit and Assurance Evidence

Uploader: Salamat Hamid