The Employee Benefit Plan Audit Quality Center has developed this tool to help EBP auditors organize, retain, and update client audit documentation relevant to the plan and its operations as a record of matters of continuing significance to future audits of the same plan. Professional judgment should be used in determining the quantity, type, and content of audit documentation consistent with AU Section 339, Audit Documentation.
Documentation retained in the “permanent file” should be fully executed (rather than working drafts)