Maximum Cycle in peer review

Dear Sir 
Qn 7 of Division A in Audit Mtp series 1 may 2019, asks about maximum review cycle under peer review 
Answer is 3 years 
After reading the the review period, I have a doubt that since – 
Level 3 Firms must get reviwed once in every 5 years.
Is the MCQ asking abt the maximum review cycle comparing Level 1,2 and 3 overall 

1 answer

Ravi Staff March 30, 2019

they are asking maximum cycle, so it should be 5 years
see page number 7 in below link


Please login here to Submit Answer

No announcement available or all announcement expired.