The Council of the Institute of Chartered
Accountants of India had in August 2009, had
amended the audit documentation retention
period appearing as ten years in paragraph 83 of
Standard on Quality Control one to seven years.
As a consequence of the above decision of the
Council, the audit documentation retention
period appearing as ten years in paragraph A23
of the Standard on Auditing (SA) 230, Audit
Documentation, issued in January 2009, shall also
stand amended to seven years.
Source : Students Journal of ICAI
number of view: 1902
