Question

(b) Out of continuous Audit and
which
Periodical Audit
why
will
you prefer and​

Answer 1

Answer:

Auditing is an onsite verification of activities such as verification of accounting entries along with the necessary documentary evidence to ensure the accuracy and authenticity. Audit can be performed as:

Continues audit which requires detail examination of each transaction

Interim Audit which id done between two annual audits

Final audit after the expiry of financial year

Balance sheet audit.

Explanation:

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