Auditing Mcqs

Q.  For companies required to produce interim financial statements (IFI):

a. one audit firm should audit the IFI and a different firm should audit the financial statements for the year as a whole.
b. one accountancy firm should review the IFI and a different firm should audit the financial statements for the year as a whole.
c. the same firm should audit the IFI and the financial statements for the year as a whole.
d. the same firm should review the IFI and the financial statements for the year as a whole.


ANSWER: See Answer
 
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