Operational Auditing Has Grown in Importance Over the Last Few

question 9

Essay

Operational auditing has grown in importance over the last few decades.
a.Define operational auditing.
b.Who are the major users of operational audit reports.
c.List the phases of an operational audit.

Understand the challenges and solutions related to merit pay systems.

Know the key elements and benefits of performance management.

Grasp the critical aspects that must be considered when developing an effective merit system.

Understand the use of basic Excel functions and formulas (e.g., IF, DATE, YEAR).

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Definitions:

Presidential Orders

Presidential Orders, including executive orders and proclamations, are directives issued by the President of the United States to manage operations of the federal government.

Congressional Legislation

Laws or bills passed by the United States Congress, which consists of the Senate and the House of Representatives.

National Defense

The protection and maintenance of a nation's sovereignty, territory, and interests against external threats through military and non-military means.

Federal Budget

The government's estimate of revenue and spending for a fiscal year, reflecting the economic priorities of the federal government.