explain the difference between interna
l and interim audit
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An interim audit involves preliminary audit work that is conducted prior to the fiscal year-end of a client. The interim audit tasks are conducted in order to compress the period needed to complete the final audit. Doing so benefits the client, which can issue its audited financial statements sooner whileInternal auditing is an independent, objective assurance and consulting activity designed to add value to and improve an organization's operations
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