The interim audit is one that is conducted between the _________ audits.

continuous

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cost

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final

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operational

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Solution

The correct option is B final
Interim Audit involves preliminary audit work done by the auditor conducted prior to the end of financial year. Interim Audit is done to shorten the period needed to conduct the final audit so that financial statements are presented to the management soon. Interim audit is conducted between the two final audits.

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Similar questions

List-I	List-II
a) Audit work is carried on almost simultaneously with the recording audit of transactions.	1. Balancesheet audit
b) auditor starts his work when final accounts have been prepared.	2. Continuous audit
c) Audit conducted between two annual audits.	3. Interim audit
d) Some of the books and records of the whole period or specific period are audited.	4. Cost audit
	5. Partial audit

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