Meaning And Objectives Of Interim Audit

 What Is Interim Audit ?

An audit which conducted in between the two annual audits with a view to find out interim profits to enable the company to declare an interim dividend is known as Interim Audit. It is a kind of audit which is conducted between the two periodical or balance sheet audits.

Objectives Of Interim Audit

The main objectives of interim audit are as follows:

1. To know profit or loss of interim period.

2. To distribute interim dividend.

3. To get loan on the basis of interim account.

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