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A continuous audit is known as :

AFinal audit

BInterim Audit

CInternal Audit

DConcurrent Audit

Answer:

D. Concurrent Audit


Related Questions:

In a Farmers service co-operative bank audit fee is calculated on the basis of :
A Welfare Co-operative Society withdraw Rs. 50,000/- from the District Co-operative Bank and not entered it in Day book of the Society, Auditor shows it under the head is :
Audit Certificate should be sent to the Institution within _________ months after the completion of the audit.

Who are all exempted from payment of Audit fees as per Kerala Cooperative Societies Act , 1969 ?

  1. Any society for first two years of audit irrespective of date of commencement of business
  2. All social welfare and farming societies who don't accept deposits and grant loans/advances
  3. All Cooperative Societies of which all or majority of members are belonging to SC/ST except Apex Cooperative Society
  4. Any Weavers Society until it has completed sixth Cooperative Year after its commencement of business
  5. Vanitha Cooperative Societies
    According to Section 64(1) of the Kerala Cooperative Societies Act, 1969, what is included in the scope of the audit?