Which of the following statements is not true about continuous audit?
AIt may be carried out on daily basis
BIt is conducted at regular interval
CIt is needed when the organization has a good internal control system
DIt is expensive
Correct answer
C. It is needed when the organization has a good internal control system
Explanation
It is needed when the organization has a good internal control system is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.