Interested to Buy Any Domain ? << Click Here >> for more details...
The difference between
interim audit and final
audit?
- 4 Answers
- 38515 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Audit of books of accounts conducted during an accounting
period covering a part of the financial period is called
interim audit.
Audit conducted by the statutory auditors after the close of
the financial period with a view to prepare the financial
statements & audit report to be presented to the Board of
Directors and to be filed with statutory authorities
(Registrar of Companies, Income Tax Dept., etc.) is called
Final Audit. Final audit again need not cover the interim
audit period.
| Is This Answer Correct ? | 37 Yes | 17 No |
Answer / m umair qadri
interim audit is a type of audit which is performed before the year end the purpose is to make things clear relating to internal controls and other requirements of law that weather the company is following them or not.interim audit save time when the final audit is being conducted.
final audit is to, express an opinion on the truth and fairness of the financial statements.it involve substantive procedures and detailed audit of the accounts.
| Is This Answer Correct ? | 13 Yes | 4 No |
Answer / mithun
Interim audit is normally on testing of controls but final audit is mainly concerned on substantive procedures.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / bharathi
Interim audit is an audit of books of accounts in between
two financial years. It is not compulsory
Final audit is an audit of books of accounts for the
purpose of ascertain net profit and loss of the business.
It is compulsory.
| Is This Answer Correct ? | 7 Yes | 15 No |
Can I alter Original Tax invoice(pharma) at warehouse in respect of Batch,nomuntilature,quantity,value etc.?
wether OT is included in gross salary or not?
What are intangible assets?
what was ur role in team?
A company paid Mr.R an advance payment of Rs 5000 as tour allowance. After the tour R, submitted travel bill with a expense of Rs3000. He return Rs 1000 and claimed to pay the rest 1000 on a future date. Please pass the journal entries.
What do you find the most challenging in Accpuntant role
0 Answers State Bank Of India SBI,
i am deposit cash in my bank. And i want to do sale against cash deposited into bank. but i face some problem,, like how can i handle daly basies expensies when i am doing sale against cash deposit in tally how can i manage this type of problems. any body can please tell me.
tax audit object & rules
1 Answers Chartered Accountant, In Solutions, Visa, VK,
when can we change the Depreciation Method? and what is the requirements.
I am a registered dealer under tnvat act 2006. I do not have CST number. But, i purchase imported liquor from new delhi. shall i get c form for reduced rate of CST?
How Will U Verify in Salaries whether TDS is deducted or not?
If any expenses accrued for the F.B.T paid quarter in the next relevant quarter, can we post the expenses in the next quarter?
Audit 
