An examination of part of an organization\'s procedures and methods for the purp

Question

An examination of part of an organization's procedures and methods for the purpose of evaluating efficiency and effectiveness is what type of audit? Select one: a. Financial statement audit b. Production audit c. Compliance audit d. Operational audit
An examination of part of an organization's procedures and methods for the purpose of evaluating efficiency and effectiveness is what type of audit? Select one: a. Financial statement audit b. Production audit c. Compliance audit d. Operational audit
An examination of part of an organization's procedures and methods for the purpose of evaluating efficiency and effectiveness is what type of audit? Select one: a. Financial statement audit b. Production audit c. Compliance audit d. Operational audit
An examination of part of an organization's procedures and methods for the purpose of evaluating efficiency and effectiveness is what type of audit? Select one: a. Financial statement audit b. Production audit c. Compliance audit d. Operational audit
An examination of part of an organization's procedures and methods for the purpose of evaluating efficiency and effectiveness is what type of audit? Select one: a. Financial statement audit b. Production audit c. Compliance audit d. Operational audit
Select one: a. Financial statement audit b. Production audit c. Compliance audit d. Operational audit
a. Financial statement audit b. Production audit c. Compliance audit d. Operational audit

Explanation / Answer

It will be Operational Audit ,

Basic Objectives of Operational Audit are :

To appraise the effectiveness and efficiency of a division, activity, or operation of the entity in meeting organizational goals.

To understand the responsibilities and risks faced by an organization.

To identify, with management participation, opportunities for improving control.

To provide senior management of the organization with a detailed understanding of the Operations.

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