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akta stałe vs akta bieżące

English translation: permanent vs. current audit file

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Polish term or phrase:akta stałe vs akta bieżące
English translation:permanent vs. current audit file
Entered by: Kama_Wawa

20:14 May 30, 2015
Polish to English translations [PRO]
Social Sciences - Finance (general) / general
Polish term or phrase: akta stałe vs akta bieżące
Jest to część pozycji tabeli dotyczącej mierników działalności komórek audytu wewnętrznego (niestety brak jakichkolwiek opisów).

"Kompletność dokumentacji (akt stałych i bieżących)"
Kama_Wawa
permanent vs. current audit file
Explanation:
akta stałe audytu - permanent audit documentation, a continuing file, a permanent file
http://ailime.ubf.pl/viewpage.php?page_id=7

ccccccccccccc

What are current and Permanent Audit files?
In the case of recurring audits, some working paper files may be classified as permanent audit files which are updated currently with information of continuing importance to succeeding audit, as distinct from current audit files which contain information relating primarily to the audit of a single period.

A permanent audit file normally includes :
Information concerning the legal and organizational structure of the entity. In the case of a company, this includes the Memorandum and Articles of Association. In the case of a statutory corporation, this includes the Act and Regulations under which the corporation functions.
Extracts or copies of important legal documents, agreements and minutes relevant to the audit.
A record of the study and the evaluation of the internal controls related to the accounting system. This might be in the form of narrative descriptions,questionnaires or flow charts, or some combination thereof.
Copies of audited financial statements for previous years.
Analysis of significant ratios and trends.
Copies of management letters issued by the auditor, if any. Record of communication with the retiring auditor, if any, before acceptance of the appointment as auditor.
Notes regarding significant accounting policies.
Significant audit observations of earlier years.

The current file normally includes :
Correspondence relating to acceptance of annual reappointment.
Extracts of important matters in the minutes of Board Meetings and General Meetings as relevant to audit.
Evidence of the planning process of the audit and audit programme.
Analysis of transactions and balances.
A record of the nature, timing and extent of auditing procedures performed, and the results of such procedures.
Evidence that the work performed by assistants was supervised and reviewed.
Copies of communication with other auditors, experts and other third parties.
Letters of representation or confirmation received from the client.
Conclusions reached by the auditor concerning significant aspects of the audit, including the manner in which exceptions and unusual matters, if any, disclosed by the auditor’s procedures were resolved or treated.
Copies of the financial information being reported on and the related audit report
http://auditingandassurance.blogspot.com/2012/11/what-are-cu...
Selected response from:

Frank Szmulowicz, Ph. D.
United States
Local time: 13:42
Grading comment
Bardzo dziękuję za pomoc, taka wersja została zaakceptowana przez instytut
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1permanent vs. current audit file
Frank Szmulowicz, Ph. D.
4backfile vs. frontfile
George BuLah (X)


Discussion entries: 1





  

Answers


15 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
permanent vs. current audit file


Explanation:
akta stałe audytu - permanent audit documentation, a continuing file, a permanent file
http://ailime.ubf.pl/viewpage.php?page_id=7

ccccccccccccc

What are current and Permanent Audit files?
In the case of recurring audits, some working paper files may be classified as permanent audit files which are updated currently with information of continuing importance to succeeding audit, as distinct from current audit files which contain information relating primarily to the audit of a single period.

A permanent audit file normally includes :
Information concerning the legal and organizational structure of the entity. In the case of a company, this includes the Memorandum and Articles of Association. In the case of a statutory corporation, this includes the Act and Regulations under which the corporation functions.
Extracts or copies of important legal documents, agreements and minutes relevant to the audit.
A record of the study and the evaluation of the internal controls related to the accounting system. This might be in the form of narrative descriptions,questionnaires or flow charts, or some combination thereof.
Copies of audited financial statements for previous years.
Analysis of significant ratios and trends.
Copies of management letters issued by the auditor, if any. Record of communication with the retiring auditor, if any, before acceptance of the appointment as auditor.
Notes regarding significant accounting policies.
Significant audit observations of earlier years.

The current file normally includes :
Correspondence relating to acceptance of annual reappointment.
Extracts of important matters in the minutes of Board Meetings and General Meetings as relevant to audit.
Evidence of the planning process of the audit and audit programme.
Analysis of transactions and balances.
A record of the nature, timing and extent of auditing procedures performed, and the results of such procedures.
Evidence that the work performed by assistants was supervised and reviewed.
Copies of communication with other auditors, experts and other third parties.
Letters of representation or confirmation received from the client.
Conclusions reached by the auditor concerning significant aspects of the audit, including the manner in which exceptions and unusual matters, if any, disclosed by the auditor’s procedures were resolved or treated.
Copies of the financial information being reported on and the related audit report
http://auditingandassurance.blogspot.com/2012/11/what-are-cu...

Frank Szmulowicz, Ph. D.
United States
Local time: 13:42
Works in field
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 418
Grading comment
Bardzo dziękuję za pomoc, taka wersja została zaakceptowana przez instytut

Peer comments on this answer (and responses from the answerer)
agree  Joanna Carroll: Nie inaczej!
1 hr
  -> Big relief. Thank you, Joanna.
Login to enter a peer comment (or grade)

13 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
backfile vs. frontfile


Explanation:
tak to imo nazywa się i ja tak to oddałbym, choćby przez analogię do zbiorów bibliotecznych o bardzo skrupulatnym ich opracowywaniu;

existing, old files
vs.
current and upcoming files

George BuLah (X)
Poland
Local time: 19:42
Native speaker of: Native in PolishPolish
PRO pts in category: 12
Notes to answerer
Asker: Dziękuję za sugestię, PROZ to prawdziwa kopalnia wiedzy :)

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