Explain the meaning of the following terms: (i) interim examination (ii) final examination (iii) inconsistent audit evidence
Question:
Explain the meaning of the following terms:
(i) interim examination
(ii) final examination
(iii) inconsistent audit evidence
(iv) systems-based evidence
(v) third-party evidence
(vi) persuasive evidence.
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Step by Step Answer:
i Interim Examination An interim examination refers to an audit procedure that is conducted during the financial reporting period but before the yearend or final audit It involves reviewing and testin...View the full answer
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Related Book For 
The Audit Process Principles Practice And Cases
ISBN: 9781473760189
7th Edition
Authors: Iain Gray, Louise Crawford, Stuart Manson
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