[amp_mcq option1=”Audit of accounts just after one accounting year” option2=”Audit of accounts after 5 years” option3=”An audit which is generally conducted in between two annual audits” option4=”It is an audit which is prepared to decide the % of commission to be paid to the manager on the basis of the sales record E. An audit to know the progress of the sales in the middle of the accounting year” correct=”option3″]<\/p>\n
The correct answer is: C. An audit which is generally conducted in between two annual audits.<\/p>\n
An interim audit is an audit that is conducted between two annual audits. It is a type of financial audit that is conducted to assess the financial health of a company on a more frequent basis than an annual audit. Interim audits can be conducted for a variety of reasons, such as to ensure that the company is in compliance with financial regulations, to identify any potential problems early on, or to provide assurance to investors or lenders.<\/p>\n
Option A is incorrect because it refers to an audit that is conducted after one accounting year. Option B is incorrect because it refers to an audit that is conducted after five years. Option D is incorrect because it refers to an audit that is conducted to determine the percentage of commission to be paid to a manager. Option E is incorrect because it refers to an audit that is conducted to determine the progress of sales in the middle of the accounting year.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Audit of accounts just after one accounting year” option2=”Audit of accounts after 5 years” option3=”An audit which is generally conducted in between two annual audits” option4=”It is an audit which is prepared to decide the % of commission to be paid to the manager on the basis of the sales record E. An audit … <\/p>\n