Continuous audit is done with ________________*1 pointOccurrence of TransactionsPeriodicallyOnce in a yearIn between a financial year

Concurrent audit is done  ________________*1 pointWith Occurrence of TransactionsPeriodicallyOnce in a yearIn between a financial year

c) Describe the concept of continuous auditing.

.Question 3How is auditing related to accounting?

__________ is one of the disadvantage of Continuous audit*1 pointCheck on employeesPrevents errors and fraudsDisrupts accounting workThorough audit

Assertions about classes of transactions and events for the period under audit least likely includeSelect one:a.Transactions and events that have been recorded have occurred and pertain to the entity.b.All assets, liabilities and equity interests that should have been recorded have been recorded.c.All transactions and events that should have been recorded have been recorded.d.Transactions and events have been recorded in the correct accounting period.