Question

Difference between continuous audit and periodical audit with chart

Answer 1

i not studied this stilll

Answer 2

The key difference between the two audits is the time taken to do the audits.

A continuous audit is done throughout the year or many times in the same year. This is an expensive process.

A periodical audit is done at regular intervals throughout the year. It is often once a year. This is not a very expensive process.