One Objective of an Operational Audit Is To

question 43

Multiple Choice

One objective of an operational audit is to:

• A) determine whether the financial statements fairly present 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:

Scored Tablets

Medication in pill form with a line (or score) that allows for easy and accurate splitting.

Liter

A metric unit of volume equal to one cubic decimeter or 1,000 cubic centimeters, commonly used to measure liquids.

Basic Unit

The smallest, fundamental component or building block of a system or structure.

Metric System

A decimal system of weights and measures based on the meter, liter, and gram as units of length, capacity, and weight or mass, respectively.