Permanent file

A permanent file is a set of records that  serves as an ongoing reference for an organization's external auditors. The information in the file is intended to be accessed repeatedly in successive audits to assist the audit team in the conduct of their tasks. The file may contain the following documents:

  • 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