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mukul asked 1 year ago
sir didnt understood in continous audit , not taken to sepcific accounting period

1 Answers
RaviRavi Staff answered 1 year ago

Final Audit Approach — Go after year is completed, once you start audit and stop only when it gets finished
Continuous Audit Approach — Go throught the year and keep checking some part of financial statements through out the year
Interim Audit Approach — Go after 6 months or Say quarter end and check all transactions for that 6 months or quarter, in interim audit we focus on particular time frame say particular half year or quarter. We dont check other transactions
in continuous audit approach we dont stick to particular time frame, we go and check any part of financial statement or any part of year

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