Question:
Audit carried out throughout the year to check effectiveness of internal control system of the organization is called:
Audit carried out throughout the year to check effectiveness of internal control system of the organization is called:
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Concurrent Audit is continuous and helps detect errors and fraud in real time.
Updated On: Sep 18, 2025
- Operational Audit
- Concurrent Audit
- Management Audit
- Internal Audit
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The Correct Option is B
Solution and Explanation
Step 1: Understand the types of audits.
- Operational Audit: Focuses on efficiency and performance.
- Concurrent Audit: Carried out throughout the year to check ongoing effectiveness.
- Management Audit: Focuses on management policies.
- Internal Audit: Checks internal controls periodically.
Step 2: Apply the definition.
Since the audit is carried out throughout the year to check internal controls, it is a Concurrent Audit.
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