The Impact of the Interim Audit Phase on The Quality of the Final Statutory Audit

Abstract

In today’s competitive and highly regulated business environment, organizations strive to achieve their goals while maintaining transparency, trust, and efficiency. To meet the expectations of investors, regulators, and other stakeholders, businesses must not only perform well financially but also demonstrate accountability and sound management practices. One of the key tools that support this is the statutory audit, which provides independent assurance about a company’s financial health and internal operations. This research focuses on a specific part of the audit process, the interim phase, which occurs before the final audit is conducted. The study explores how this early stage helps auditors gain a clearer understanding of the organization, identify areas of risk, and prepare more effectively for the final review. By examining both theoretical concepts and a practical case study, the research highlights how the interim phase contributes to the quality, accuracy, and efficiency of the final audit. The findings suggest that early planning and analysis during the interim phase not only strengthen the final audit results but also support better decision-making for both auditors and company management.