The Specific Performance Criteria to Be Used in an Operational

question 4

Multiple Choice

The specific performance criteria to be used in an operational audit are:

• A) selected from existing relevant policy statements, manuals, laws, or regulations, or are defined by the auditor for each operational audit.
• B) defined in Australian Accounting Standards.
• C) the same as the criteria used in evaluating the internal control structure in an engagement to report on the internal control structure over financial reporting.
• D) defined in Australian Auditing Standards.

---

Definitions:

Ethical Expectations

Standards of moral behavior and professional conduct expected by individuals or organizations.

Ethical Behavior

Refers to actions that are consistent with what society, individuals, and businesses consider to be right or moral.

Conflict of Interest

A situation in which a person's personal interests could potentially influence their professional judgment or responsibilities.

Conflict of Interest

A situation in which an individual's personal interest might interfere with their professional obligations or duties.