Always-On Assurance: The Continuous Audit Advantage in Detecting Risks Before They Become Crises
An audit that remains continue throughout the financial year is known as the continuous audit.
An audit that remains continue throughout the financial year is known as the continuous audit.
Continuous audit is one where the auditor or his staff is consistently engaged in checking the accounts during the whole period, or where the auditor or his staff, attend at regular or irregular intervals during the period.
Auditing is nothing but the systematic and critical examination and verification of the books of accounts. It can be undertaken throughout the year or periodically.
The primary aim is to find out whether the financial statements exhibit a true and fair view of the business.