After assembly of audit file,can the auditor delete audit documentation before retention period?
If not, why?
1.There are no explicit rules relating to the retention of working papers. They should be retained as long as the auditor opines them to be useful in servicing the client or to comply with legal or professional requirements... 2. Standard on Quality Control 1 (SQC 1), however, requires it to be at least7 years from the date of auditorâ??s report.