Certified Internal Auditor (CIA) Practice Test

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When current-file working papers are no longer of use, they should be:

Destroyed.
Placed in the custody of the organization legal department for safekeeping.
Transferred to the permanent file.
Transferred to the custody of the engagement client for ease of future records.

The correct answer is: Destroyed.

The correct approach for handling current-file working papers that are no longer useful is to destroy them. This aligns with the principles of internal auditing and data management, where unnecessary documents should not be retained longer than required to prevent clutter and potential data breaches. When working papers are no longer relevant, they typically do not hold value for future audits or for the organization's operational needs. Retention of such materials could lead to confusion or compliance issues, especially as regulations around data privacy and document retention can be stringent. While it may seem appealing to store documents for potential future reference, taking this approach risks keeping outdated or irrelevant information that has no legal or operational necessity. Therefore, destroying current-file working papers helps ensure that only pertinent and current information is retained, maintaining efficiency and accuracy in auditing practices.