List 5 disadvantages of an interim audit and Suggest solutions to any four disadvantages you have identified

i) Proper Planning

This will solve the problem of disruption since with proper communication between the directors and auditors, the audit process should not take much time.

ii) Use of Journal Entries

Alteration of entries should be done using journal entries which should then be listed for the auditor‘s attention.

iii) Noting down questions

Notes should be taken of any questions raised so that relevant answers can be obtained of a later date without loss of relevance.

iv) Supervision by superiors

The audit staff should be adequately supervised to solve the problem of inadequate diligence.

v) Clarification of auditor‟s responsibility

This will ensure that client staff do not depend on auditor‘s work to solve their own accounting problems.

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