Continuous Audit

Continuous Audit

The audit that remains continue throughout the financial year is called continuous audit.
Characteristics of Continuous Audit

• The auditor visits the business regularly.
• It is conducted in the large business concern.
• It is conducted through the year.
• Throughout checking is possible.
• It is an expensive audit.
• Audit report is not prerequisite.
• It is used to cover the deficiencies of the business.
• Surprise visits are also possible by the auditor.
• The manager can fix the time.