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.