DEBOJEET MAZUMDAR
asked
Distinguish between Audit note book and working papers.
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samkit kothari
answered
Audit working papers are prepared by auditor during audit what ever the observation or query raised by him are mentioned in it.
Audit note book also known as Audit bound book, as per ICAI guidance note auditor have to preserve the working paper for 8 years. So the working paper kept all together is called Audit note book
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