Which of the Following Is an Advantage of an Interim

Multiple Choice

Which of the following is an advantage of an interim report?

A) An interim report provides timely feedback to the audit engagement client. II. An interim report provides a mechanism for communicating information on red flags promptly while they are being investigated. III. An interim report provides an opportunity for auditor follow-up of findings before the engagement is completed. IV. An interim report increases the probability that corrective action will be initiated more quickly.
B) I and IV only
C) II and III only
D) I, III, and IV only
E) I, II, III, and IV.