The Purpose of an Operational Audit Is To

question 49

Multiple Choice

The purpose of an operational audit is to:

• A)Determine the effectiveness of internal controls.
• B)Detect material misstatements in the company's financial statements.
• C)Provide assurance on fair presentation of company financial statements.
• D)Assess the economy, efficiency and effectiveness of resources and objectives.

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Definitions:

Bird

Endothermic reptile that has feathers and wings, is often adapted for flight, and lays hard-shelled eggs.

Homeostasis

The ability of an organism to maintain stable internal conditions despite changes in external environments.

Overheated

A state or condition where an object, device, or system exceeds its optimal temperature, potentially causing damage or failure.

Perspire

The process by which sweat glands in the skin produce sweat, allowing the body to regulate its temperature.