A Typical Objective of a Performance Audit Is for the Auditor

question 1

Multiple Choice

A typical objective of a performance audit is for the auditor to:

• A) determine whether the financial report presents the entity's operations fairly.
• B) evaluate the feasibility of attaining the entity's operational objectives.
• C) make recommendations for improving performance.
• D) report on the entity's relative success in attaining profit maximisation.

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Definitions:

Documents

Written, printed, or electronic records that provide information or evidence.

Assessment Centers

A rigorous methodology used by organizations to evaluate candidates for employment or for internal promotion, involving multiple evaluation techniques and observers.

Managerial Positions

Roles within a company responsible for overseeing processes, making strategic decisions, and leading teams or departments.