Operational audit differs in many ways from
an audit of financial statements. Which of
the following is the best example of one of
these differences?
a. The usual audit of the financial statement
covers four basic statements, whereas
operational audit is usually limited either
the statement of financial position or the
income statement.
b. Operational audit do not necessarily
result in the preparation of a report.
c. The operational audit deals with pre-tax
income.
d. The boundaries of an operational
audit are often drawn from an
organization chart and are not
limited to a single accounting
period.
an audit of financial statements. Which of
the following is the best example of one of
these differences?
a. The usual audit of the financial statement
covers four basic statements, whereas
operational audit is usually limited either
the statement of financial position or the
income statement.
b. Operational audit do not necessarily
result in the preparation of a report.
c. The operational audit deals with pre-tax
income.
d. The boundaries of an operational
audit are often drawn from an
organization chart and are not
limited to a single accounting
period.