____________audit is done when company wants to declare interim dividend*1 pointInterimAnnualContinuousConcurrent

The correct answer to the question is Interim.

When a company wants to declare an interim dividend, it must first conduct an interim audit. This is because an interim audit is focused on the company’s financial performance for a specific period that falls between annual audits. It helps in assessing the financial position of the company as of that interim date and ensures that the financial statements are accurate and in compliance with relevant accounting standards. By performing an interim audit, the company obtains assurance that it is financially stable enough to distribute profits to shareholders in the form of dividends.

In contrast, an annual audit is a comprehensive evaluation of a company's financial statements for a complete financial year, while continuous and concurrent audits refer to ongoing review processes that may monitor financial operations over time.

Overall, the interim audit plays a critical role in the financial governance of the organization, allowing the board to make informed decisions about interim dividends.