An Audit That Involves Obtaining and Evaluating Evidence About the Efficiency

question 36

Multiple Choice

An audit that involves obtaining and evaluating evidence about the efficiency and effectiveness of an entity's operating activities in relation to specified objectives is a(n) :

• A) internal audit.
• B) external audit.
• C) operational audit.
• D) compliance audit.
• E) financial statement audit.

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Definitions:

Recommendation

An advice or suggestion given by someone, based on their knowledge or experience, intended to guide decisions or actions.

Request

The act of formally or politely asking for something.

Information

Data or facts received or given which are processed or utilized to inform or make decisions.

Action

The process or state of doing something or being active, often implying movement or the implementation of decisions.