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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › recommendation

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Kim Smith.
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  • October 4, 2023 at 12:45 pm #692813
    xyzc
    Participant
    • Topics: 413
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    • ☆☆☆☆

    Internal audit department should have a rolling programme of visits to all 45 stores. This programme can have a bias to large and high risk stores, but it should ensure that all stores are visited on a cyclical basis.

    What does rolling programme and cyclical basis mean

    October 4, 2023 at 1:04 pm #692817
    Kim Smith
    Keymaster
    • Topics: 135
    • Replies: 8312
    • ☆☆☆☆☆

    https://en.wiktionary.org/wiki/rolling_programme

    “cyclical basis” = based on a cycle, which for annual financial reporting would sensibly be at most one year/12 months – but could be shorter (e.g. quarterly)

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