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    Question

    This kind of audit is conducted generally between two

    annual audits is known as which among the following?
    A Internal audit Correct Answer Incorrect Answer
    B Interim audit Correct Answer Incorrect Answer
    C Final audit Correct Answer Incorrect Answer
    D Continuous audit Correct Answer Incorrect Answer

    Solution

    An interim audit is conducted between two annual audits, typically in the middle of the financial year. It helps in assessing the financial position and performance of an organization during the course of the year and provides management with insights before the final annual audit.

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