concurrent audit and continues audit

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capooja (Querist)
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21 August 2016 is it concurrent audit and continues audit are the same term or not . please tell me I'm confused and also give some point of difference if any exists..

ACA Anurag

ACA Anurag (Expert)
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23 August 2016 Dear Pooja,

Concurrent audit is performed at regular intervals by the management . Eg In Banks CA does a audit at the end of month .

Continuous audit is done on day by day basis basically its done in big companies where volume is too high

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capooja

capooja (Querist)
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23 August 2016 Thank you sir

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ACA Anurag

ACA Anurag (Expert)
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23 August 2016 Dear Pooja,

You are always welcome.

Hope your query is resolved

Kindly like if my response has helped you

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