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Explain the distinction between an interim and a final audit

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Reference no: EM133090563

Question - A junior auditor was asking about the need to carry out audit procedures several months before the financial year ends for the audit client and suggests that all work to be done only after the financial year end.

Explain the distinction between an interim and a final audit in the context of a large client organization to the junior auditor, and provide relevant examples of audit procedures in each.

Reference no: EM133090563

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