Interim testing normally occurs between the __________ and the __________.
A)beginning of the year under audit; audit report release date
B)date of the financial statements; audit report release date
C)beginning of the year under audit; date of the financial statements
D)end of the year under audit; date of the auditors' report

Question

Quizplus · Accepted Answer

Interim testing typically occurs between the beginning of the year under audit and the date of the financial statements. This allows the auditor to test transactions and controls throughout the year, rather than just at the end, and identify any issues that need to be addressed before the financial statements are finalized. The audit report release date is typically after the date of the financial statements, so it is not a relevant factor for determining when interim testing should occur.

Interim Testing Normally Occurs Between the __________ and the __________

Interim Testing Normally Occurs Between the and the