examination conducted on a recurring basis throughout the accounting period to detect and correct mistakes and improper accounting practices prior to the reporting year-end. A continuous audit also spreads the CPA's work throughout the year.
examination conducted on a recurring basis throughout the accounting period to detect and correct mistakes and improper accounting practices prior to the reporting year-end. A continuous audit also spreads the CPA's work throughout the year.
type of Audit Bureau of Circulations or Business Publications Audit of Circulations audit that is conducted on samples drawn at regular intervals from the audited file. It usually samples the auditable transactions, such as payments of invoices, cash orders, and claims-paid complaints, processed into each file update. Noncontinuous audits are customarily conducted on an annual basis. Continuous audits replace the semiannual audits, reduce the amount of auditable documents that must be stored at one time, and can uncover problems, such as cashiering errors, before a large number of transactions are affected.
