The Approach That Has Been Suggested for Operational Audits Is

question 7

Multiple Choice

The approach that has been suggested for operational audits is:

• A) the risk based audit approach
• B) the value-for-money audit approach
• C) the process audit approach
• D) all three of the above approaches have been suggested for operational audits

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Definitions:

Reactor

A device used in chemical or nuclear processes to contain and control reactions safely.

Effect Uncertainty

The unpredictability regarding the potential outcomes or impacts of a decision or action.

Response Uncertainty

The inability to predict the outcomes of decisions or actions due to unpredictable external factors or incomplete information.

Environmental Uncertainty

The lack of predictability in the surrounding environment that impacts an organization's decision-making capabilities.