Which of the following statements is not true about continuous audit?
A. It is conducted at regular interval.
B. It may be carried out on daily basis.
C. It is needed when the organisation has a good internal control system.
D. It is expensive.
Answer:C
Which of the following statements is not true about continuous audit?
A. It is conducted at regular interval. B. It may be carried out on daily basis. C. It is needed when the organisation has a good internal control system. D. It is expensive.