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CA Intermediate · Auditing and Ethics · Audit Documentation

While auditing Kaveri Textiles Ltd for FY 2025-26, the engagement partner signed the audit report on 20 June 2026. The engagement team assembled the final audit file on 10 July 2026. Under SA 230, what is the correct position regarding assembly of the file?

The assembly was on time. SA 230 requires the final audit file to be assembled on a timely basis after the auditor's report date, ordinarily within 60 days. Completion 20 days after the report on 20 June 2026 falls comfortably within that period.

  1. AThe file assembly was on time because it was completed within 60 days after the date of the auditor's reportCorrect
  2. BThe file assembly was late because it must be completed on or before the date of the auditor's report
  3. CThe file assembly was on time because it can be completed any time before the next audit begins
  4. DThe file assembly was late because it must be completed within 15 days of the balance sheet date

Explanation

SA 230 requires the auditor to complete the assembly of the final audit file on a timely basis after the date of the auditor's report, and ordinarily a period not exceeding 60 days is appropriate. Here the gap is 20 days (20 June to 10 July), which is within 60 days. The option requiring assembly by the report date is wrong because assembly is a post-report administrative process.

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