Question

Audits conducted at regular intervals of time weekly, quarterly or as required by the management is termed

• A. Internal Audit
• B. Interim Audit
• C. Final Audit
• D. Continuous Audit

Answer 1

Answer:

D. Continuous Audit

Continuous Audit:

• Audit conducted regular interval of time weekly, quarterly as requirement according to management 

• Also called 

1. Concurrent Audit 

2. Detailed Audit 

3. Running Audit 

• very costly 

• For getting Service