An Operational Audit Would Not Include Determining

question 34

Multiple Choice

An operational audit would not include determining

• A)Whether the entity is acquiring, protecting, and using its resources effectively.
• B)The effectiveness of an organization and its programs, activities, and functions.
• C)The causes of inefficiencies or uneconomical practices.
• D)Whether the entity has complied with laws and regulations.

Recognize the importance of qualitative and quantitative indicators in financial statement analysis reports.

Grasp the concepts of liquidity, earnings per share, trend analysis, and ratio analysis in evaluating financial health.

Understand the use of trend percents in analyzing financial statements.

Learn how comparative financial statements are utilized for financial analysis.

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Definitions:

Central Nervous System

The complex network of the brain and spinal cord responsible for processing and coordinating incoming and outgoing neural signals.

HIV

Human Immunodeficiency Virus, a virus that attacks the body's immune system, leading to AIDS if not treated.

Xanax

A prescription medication, generically known as alprazolam, used to treat anxiety and panic disorders.

Depressant Drug

A substance that slows down the activity of the central nervous system, resulting in reduced arousal or stimulation.