Roll-forward procedures are performed
A) to update the audit findings from the time of the interim procedures through to year end.
B) to detect fraud in various balance sheet accounts.
C) before the end of the financial year.
D) none of the above

Question

Quizplus · Accepted Answer

Roll-forward procedures are typically performed after interim procedures but before the end of the financial year to update the audit findings and ensure they are still accurate at year-end. This helps ensure that the audit is comprehensive and up-to-date. Roll-forward procedures are not primarily designed to detect fraud or performed before the end of the financial year.

Roll-Forward Procedures Are Performed