Audit and Accounting Interview Questions and Answers

The time gap refers to a period of time between two events or occurrences.

• The time gap can be used to analyze the duration between two financial transactions.

• It is important in audit and accounts to identify any significant time gaps that may indicate irregularities or errors.

• For example, a large time gap between the recording of a sale and the receipt of payment could raise concerns about the accuracy of financial statements.