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The difference between
interim audit and final
audit?
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Answer Posted / 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 |
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