A Major Challenge of Operational Auditing Is in Selecting the Specific

question 3

Essay

A major challenge of operational auditing is in selecting the specific criteria for evaluation whether efficiency and effectiveness have occurred in the client's organization. For example, in financial statement auditing the criteria for consideration is US GAAP or Other Comprehensive Basis of Accounting. There are no such "overriding" objectives in internal auditing.
Discuss below sources of specific criteria that could be used by the internal auditor in planning the engagement.

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Definitions:

Rank

Rank often refers to the position or level of something or someone in a particular order or hierarchy.

Mathematical N-Tuples

An ordered list of n elements, where n can be any non-negative integer, used in mathematics to represent fixed-length sequences.

Data Type

A classification of data which tells the compiler or interpreter how the programmer intends to use the data, such as int, float, or char in languages like C and C++.

Individual Data Elements

Refers to specific, standalone pieces of data that can be identified and manipulated within a data structure or database.