Which of the Following Statements Regarding Types of Operational Audits

question 66

Multiple Choice

Which of the following statements regarding types of operational audits is likely incorrect?

• A) A functional audit has the advantage of permitting specialization by auditors.
• B) An advantage of functional auditing is its ability to evaluate interrelated functions.
• C) The emphasis in an organizational audit is on how efficiently and effectively functions interact.
• D) Special operational auditing assignments arise at the request of management.

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Definitions:

Sequential Problems

Issues or tasks that must be resolved or completed in a specific, linear order, often dependent on the completion of the previous step.

Perfect Information

A situation in which all participants have access to all relevant information, typically assumed in economic models to facilitate optimal decision-making.

Expected Value

The anticipated value of a variable, computed as the sum of all possible values each multiplied by the probability of its occurrence.

Decision Table

A decision table is a tabular method for representing and analyzing logical relationships between conditions and actions, making it a useful tool for decision-making processes.