Operational Auditing

question 21

Multiple Choice

Operational auditing:

• A)refers to an entity's financial operations.
• B)is historical in focus.
• C)has a main purpose of helping management to improve the entity's effectiveness and efficiency.
• D)all of the above are correct.

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Definitions:

Formal Operational

The stage of cognitive development, according to Jean Piaget, in which individuals become capable of abstract thinking and hypothetical reasoning.

Preoperational

The stage in Piaget's theory of cognitive development where children from about 2 to 7 years old exhibit egocentric thinking and struggle with understanding the viewpoint of others.

Negative Outcomes

refers to the undesirable or harmful results of actions or conditions, often contrasted with positive results or benefits.

Adolescents

A developmental stage that describes young people transitioning from childhood to adulthood, typically characterized by significant physical, psychological, and social changes.