An operational audit differs in many ways
from an audit of financial statements. Which
of the following is the best example of these
differences?
a. Operation audits do not ordinarily result
in the preparation of a report.
b. The usual audit of financial statement
covers the four basic financial
statements whereas the operational
audit is usually limited either the balance
sheet or the income statement.
c. The boundaries of an operation
audit are often drawn from anorganization chart and are not
limited to a single accounting
period.
d. The operational audit deals with
operating profit while financial audit
considers both the operating and net
profits.
from an audit of financial statements. Which
of the following is the best example of these
differences?
a. Operation audits do not ordinarily result
in the preparation of a report.
b. The usual audit of financial statement
covers the four basic financial
statements whereas the operational
audit is usually limited either the balance
sheet or the income statement.
c. The boundaries of an operation
audit are often drawn from anorganization chart and are not
limited to a single accounting
period.
d. The operational audit deals with
operating profit while financial audit
considers both the operating and net
profits.