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) after the end of the financial year.
D) None of the above

Question

Quizplus · Accepted Answer

Roll-forward procedures are performed to update the audit findings from the time of the interim procedures through to year-end. These procedures ensure that the auditor has considered all relevant financial transactions and events that have occurred in the period between the interim date and year-end.

Roll-Forward Procedures Are Performed