AICPA Standards Recognize an Operational Audit as a Form Of

question 34

Multiple Choice

AICPA standards recognize an operational audit as a form of:

• A) attestation services.
• B) management consulting services.
• C) accounting services.
• D) audit services.
• E) review services.

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Definitions:

Multisource

This refers to obtaining information or feedback from multiple sources, often used in the context of performance appraisals to gather a comprehensive view.

360-Degree Feedback

A feedback process where an employee receives anonymous feedback from multiple sources, such as supervisors, peers, and subordinates, often including self-assessment.

Merit Pay

A pay increase awarded to employees based on their job performance as an incentive to motivate high achievement and productivity.

Performance Appraisals

An alternative term for performance evaluation, focusing on the analysis and review of an individual's job performance over a specific period, aiming to document achievements and identify areas for growth.