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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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