Kushal TannaKushal Tanna asked 5 months ago

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 Answers
RaviRavi Staff answered 5 months ago

they are asking maximum cycle, so it should be 5 years
see page number 7 in below link
https://resource.cdn.icai.org/47084bosfinal-p3-cp19-u1.pdf

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