One Objective of an Operational Audit Is to

question 62

Multiple Choice

One objective of an operational audit is to

• A) determine whether the financial statements fairly present the entity's operations.
• B) determine if the auditee is in compliance with GAAP.
• C) make recommendations for improving performance.
• D) report on the entity's relative success in attaining profit maximization.

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Definitions:

Expectation

A belief or anticipation regarding the outcome of certain events, actions, or behaviors.

Behavior

The actions, reactions, or functioning of an individual or system in response to external or internal stimuli.

Emotional Needs

The psychological requirements for well-being, such as feeling loved, valued, and a sense of belonging.

Daily, Repetitive Tasks

Routine activities or chores that are performed on a regular basis, often daily, as part of one’s personal or professional life.