B is corrent because the current file will include items of particular significance to the current year’s audit, such as bank reconciliations.
A is incorrect because a flowchart of the internal control procedures is a document that will affect many years’ audits, and accordingly will be included in the permanent file.
C is incorrect because articles of incorporation are documents that will affect many years’ audits, and accordingly will be included in the permanent file.
D is incorrect because a pension plan contract is a document that will affect many years’ audits, and accordingly will be included in the permanent file.
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