WorksheetsArchiving Quiz
Total questions: 15
Worksheet time: 3mins
In what ISA does the file wrap up and archiving adhere to?
ISA 230
ISA 700 (revised)
ISA 315 (revised)
ISA 540
Can the archiving take place before 60 days after the reporting period?
Yes
No
The following changes are allowed during the final assembly process, except:
Deleting or discarding superseded documentation
Sorting, collating and cross-referencing working papers
Signing off on completion checklists relating to the file assembly process
None of the above
Who are the members that need to be included in the modification note?
Preparer
Reviewer
Preparer and reviewer
None of the above
According to ISA 230, how many days is the assembly period?
60 days
Not more than 45 days
45 days
Not more than 60 days
Where multiple reports are issued in respect of the same subject matter information for an entity, the policies and procedures relating to time limits for the assembly of the final audit file apply separately to each report as if it were for a separate engagement
True
False
Which among the following is not true when there are multiple reports on the same financial statements:
You can create a copy of the original aura database for archiving purposes
You may use two separate aura databases to document audit work
Just cry yourself to sleep
One of the choices is false
Which among the following is considered as a best practice in archiving?
Delete items that are not part of the audit documentation
All choices are correct
Review the audit file prior to archiving
Confirm that the date in EMW is accurate
Can you delete documents or objects in Aura after the file has been signed off?
Yes
No
For how long can we retain audit documentation from the date of the auditor’s report?
Not more than 60 days
Not shorter than 5 years
Atleast 5 years
Atleast 60 days
Can you unarchive the already archived electronic file?
Yes
No
The following are reasons for file freezing, except:
Subpoena
Litigation
The client not agreeing with the bank confirmation procedure
Pending government investigation
What tab/s can you see in the EGAs and Documents Modified After Report Signing Date report extracted from Aura reporting:
EGAs Modified After Signing Date
Document Library Items (not Linked to Tasks) Modified After Reporting
Assigned Workflow by FSLI
Document Library Items (not Linked to Tasks) Modified After Reporting and EGAs Modified After Signing Date
This type of archiving occurs regardless whether wrap-up exceptions exists or engagement documentation has been finalized.
Automatic archiving
On the spot archiving
Immediate archiving
File freezing
What PwC Audit Guide refers to File Wrap up and Archiving?
PwC Audit 8200
PwC Audit 8715
PwC Audit 8700
PwC Audit 6200
