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:

Sociability

The tendency to seek and enjoy the company of others; being friendly and social.

Emotionality

The observable behavioral and physiological component of emotion; refers to a person's intensity and frequency of emotional expressions.

McCrae and Costa

Researchers known for the Five Factor Model of personality, which identifies five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait characterized by long-term tendencies to experience negative emotional states such as anxiety, anger, or depression.