A Typical Objective of an Operational Audit Is for the Auditor

question 46

Multiple Choice

A typical objective of an operational audit is for the auditor to

• A) Determine whether the financial statements present fairly the entity's operations.
• 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 maximization.

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Definitions:

American Culture

encompasses the customs, traditions, arts, history, and social norms prevalent in the United States.

Civilized Society

A concept that denotes a society which is considered advanced in terms of cultural, material, and institutional development.

American Politics

The political structure and processes in the United States, encompassing the functioning of its government, political parties, and electoral systems.

Immigration

The action of people moving to a foreign country or region to live, often for economic reasons, safety, or to start anew.