Continuous audit Advantages Disadvantages

Continuous audit | Advantages | Disadvantages |

What is a Continuous audit

At the point when the records are inspected all through the year by the

review staff under the direction of the examiner, it is called persistent

review. The work associated with persistent review is significantly

high and the administration requires the examiner to report at normal

spans.

Assuming the quantity of monetary exchanges are extremely huge as

finished following the finish of the monetary year and proclamations

of records can be introduced to the investors, quickly from there on.

2. The books can be broadly checked and mix-ups can be corrected

without further ado.

3. The evaluator can give valuable ideas to the administration about

the monetary angle, which can be executed in the ongoing time frame

itself.

4. Periodical reports given by the reviewer help the administration in

direction. Consistent review keeps the administration educated

regarding the benefit position of the business. Hence, it helps in