Question

1)An Audit where the books of Accounts are verified throughout the year ___
a) Internal Audit b) Continue Audit c) Cost Audit d) Final Audit

Answer 1

Answer:

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Answer 2

The answer is 'b) Continuous audit.'

• Continuous audit refers to the audit which is conducted regularly or at various intervals throughout the year.

• Internal audit refers to the audit that is conducted by the internal staff of the organization.

• Cost audit refers to the representation of the cost accounts and the verification of the cost plans.

• The final audit refers to the audit that is held at the financial close of the year.

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