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During an Operational Audit of a Chain of Pizza Delivery

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During an operational audit of a chain of pizza delivery stores, an auditor determined that cold pizzas were causing customer dissatisfaction. A review of oven calibration records for the last six months revealed that adjustments were made on over 40 percent of the ovens. Based on this, the auditor:


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The rate of return on an investment after adjusting for inflation, representing the actual growth in purchasing power.

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Equity stakes in corporations, allowing ownership and potentially receiving dividends.

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Long-term investment instruments issued by the government that pay periodic interest until expiration, at which point the face value is paid to the investor.

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