Definition:

Current audit files are the files that keep all information related to current year auditing. Those documents include the current year financial statements, general ledger, management accounts, and supporting documents. These files also include the documents related to audit planning, audit program, and key internal control of the current year.

Current audit files also contain information like current year adjustments or propose an adjustment, significant audit findings, as well as significant mater that require partner attention. Current year audit working papers like risks assessment, audit sampling, audit analytical review, as well as internal control documents should also include in these files.

Related article  What is the difference between independence and objectivity?