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    Question

    An audit conducted between two annual audits is known as

    a:
    A Interim Audit Correct Answer Incorrect Answer
    B Continuous Audit Correct Answer Incorrect Answer
    C Internal Audit Correct Answer Incorrect Answer
    D Final Audit Correct Answer Incorrect Answer

    Solution

    An interim audit is performed for a part of the accounting period (e.g., for 6 months) to check interim financial statements, often for declaring an interim dividend.

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