Question 4a
Marking Guide
difference between interim audit and final audit | |
| up to 1 mark for each relevant explanation and maximum of 2 marks for examples of procedures at interim and final audit, but overall maximum 4. | |
| interim audit and final audit parts of whole audit | |
| interim audit performed during year but final audit at or after the year-end | |
| interim audit performs procedures that cannot be performed at the final audit | |
| interim audit forms interim conclusion, but final audit results in audit opinion | |
| typical work at interim audit | |
| typical work at final audit | |
| maximum marks | 4 |