Operational audits generally have been conducted by internal auditors and governmental audit agencies but may be performed by certified public accountants. Aprimary purpose of an operational audit is to provide(1) a means of assurance that internal accounting controls are functioning as planned.(2) a measure of management performance in meeting organizational goals.(3) the results of internal examinations of financial and accounting matters to acompany’s top-level management.(4) aid to the independent auditor, who is conducting the audit of the financialstatements

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Quality Auditing: Why It Matters
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Operational audits generally have been conducted by internal auditors and governmental audit agencies but may be performed by certified public accountants. A
primary purpose of an operational audit is to provide
(1) a means of assurance that internal accounting controls are functioning as planned.
(2) a measure of management performance in meeting organizational goals.
(3) the results of internal examinations of financial and accounting matters to a
company’s top-level management.
(4) aid to the independent auditor, who is conducting the audit of the financial
statements

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