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Which type of audit is conducted between two annual audits, often for the purpose of declaring interim dividend or ascertaining interim profit?
  • a)
    Complete Audit
  • b)
    Interim Audit
  • c)
    Cash Audit
  • d)
    Balance Sheet Audit
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which type of audit is conducted between two annual audits, often for ...
An Interim Audit is conducted between two annual audits, typically during the middle of the financial year. It serves specific purposes like declaring interim dividends or ascertaining interim profits. It helps speed up the final audit process and is particularly useful for organizations that need to provide interim financial figures.
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Which type of audit is conducted between two annual audits, often for the purpose of declaring interim dividend or ascertaining interim profit?a)Complete Auditb)Interim Auditc)Cash Auditd)Balance Sheet AuditCorrect answer is option 'B'. Can you explain this answer?
Question Description
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