Operational Auditing Is Primarily Oriented Toward

question 10

Multiple Choice

Operational auditing is primarily oriented toward:

• A)Future improvements to accomplish the goals of management.
• B)The accuracy of data reflected in management's financial records.
• C)The verification that a company's financial statements are fairly presented.
• D)Past protection provided by existing internal control.

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Definitions:

Compensation Systems

The policies and procedures that determine how employees are paid and rewarded for their work.

Capital Budgets

Expenditure planning for long-term investments in an organization, aimed at future benefits.

Operating Budgets

Detailed financial plans that outline expected income and expenditures related to the daily operations of an organization for a specific period.

Maslow's Theory

An explanation of motivation that suggests individuals are propelled to satisfy a progression of needs starting from the most basic physiological necessities up to higher levels of psychological fulfillment.