Interim audit
Interim audit work is performed before the end of the reporting period, often to understand the entity, assess risks and test controls or transactions. The auditor considers whether evidence obtained earlier remains relevant through the remaining period and performs additional work where necessary.
Worked example
In October the auditor tests controls over payroll for the first nine months, then plans additional work over the remaining period.
Common mistake
Interim work does not eliminate the need to address year-end balances and events after the interim date.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |