This Type of Audit Is Completed to Assess the Operating

question 90

Multiple Choice

This type of audit is completed to assess the operating policies and procedures of a client for efficiency and effectiveness.

• A)Efficiency audit
• B)Effectiveness audit
• C)Compliance audit
• D)Operational audit

---

Definitions:

Worksheet

A document used by accountants to organize and summarize financial information for the preparation of financial statements.

Credits

Entries in accounting that increase liabilities or equity, or decrease assets, representing the opposite of debits.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.