Which of the following best describes the operational audit? Select one: a. It requires the constant review by internal auditors of the administrative controls as they relate to the operations of the company. b. It concentrates on seeking aspects of operations in which waste could be reduced by the introduction of controls. c. It attempts and is designed to verify the fair presentation of a company’s results of operations. d. It concentrates on implementing financial and accounting control in a newly organized company.
Which of the following best describes the operational audit? Select one: a. It requires the constant review by internal auditors of the administrative controls as they relate to the operations of the company. b. It concentrates on seeking aspects of operations in which waste could be reduced by the introduction of controls. c. It attempts and is designed to verify the fair presentation of a company’s results of operations. d. It concentrates on implementing financial and accounting control in a newly organized company.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following best describes the operational audit?
Select one:
a. It requires the constant review by internal auditors of the administrative controls as they relate to the operations of the company.
b. It concentrates on seeking aspects of operations in which waste could be reduced by the introduction of controls.
c. It attempts and is designed to verify the fair presentation of a company’s results of operations.
d. It concentrates on implementing financial and accounting control in a newly organized company.
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