Which of the following statements is not true about continuous audit??

Audit Mcqs
BILAL KHATTAK0

A. It is conducted at regular interval
B. It may be carried out on daily basis 
C. It is needed when the organization has a good internal control system 
D. It is expensive

Related Mcqs:

  1. Concurrent audit is a part of____________?
  2. Which of the following statements is, generally, correct about the reliability of audit evidence??
  3. In an audit of financial statements, substantive tests are audit procedures that __________??
  4. Which of the following statements is not true??
  5. Regular survey is
  6. Which of the following statements best describes the purpose of depreciation??
  7. The working papers which auditor prepares for financial statements audit are___________??
  8. Which of the following is normally the most reliable source of audit evidence??
  9. Which of the following is not true about opinion on financial statements??
  10. Why do companies use external job searches instead of internal searches??

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