Question: Describe the purpose of an operational audit.

Describe the purpose of an operational audit.

Step by Step Solution

★★★★★

3.31 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Operational audits focus on the efficiency effectiveness a... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

336-B-A-A-A-N (1496).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

Q:

Imagine you are the clinical manager of an outpatient health care unit interested in investigating patient perspectives on the quality of services received. Develop a research question based on the...

Q:

Describe the purpose of an initial public offering (IPO). Why is an initial public offering considered to be an important milestone for an entrepreneurial firm?

Q:

What is the purpose of an operational environment and a test environment?

Q:

Describe the purpose of and give examples of audit procedures in the search for unrecorded liabilities.

Q:

Describe the purpose of an operational audit.

Q:

The broad statement of purpose of an operational audit includes the intent to appraise the a particular organization. q , Auditors must familiarize themselves with the q , being performed in the unit...

Q:

Chapter 1: INTRODUCTION AND OVERVIEW OF AUDIT AND ASSURANCE 7) In Canada, publicly traded companies are a) required to have audits. b) strongly encouraged to have audits. c) not required to have an...

Q:

Directions Operational Audit Compliance Audit Financial Statement Audit Description of Audit This type of audit evaluates the efficiency and effectiveness of any part of a companys operating...

Q:

1. The fundamental objective of the audit of a company is to A)Attest to the credibility of the company's accounts B)Protect the interests of the minority shareholders C)Detect and prevent errors and...

Q:

8 ) What is the primary difference between internal and external auditors ?" The a ) level of competence required . b ) parties to whom the auditor is responsible . `) type of audit that is being...

Q:

63. Which of the following professional services would be considered an attestation engagement ? A. A consulting service engagement to provide computer-processing advice to a client B. An engagement...

Q:

An automobile tire is inflated to 35 psig at 54 o F, after being driven, the temperature rise to 80 o F. Determine the final gage pressure assuming volume remains constant.

Q:

Whitegloves Janitorial Service was started 2 years ago by Nancy Kohl. Because business has been exceptionally good, Nancy decided on July 1, 2012, to expand operations by acquiring an additional...

Q:

n ! ( k 1 ! ) ( k 2 ! ) 7 ! ( 3 ! ) ( 2 ! ) =

Q:

The September 1, 2009, edition of CFO.com contains an article by Marie Leone and Tim Reason entitled Dirty Secrets. You can access this article at www.cfo.com/article.cfm/ 14292477?f=singlepage....

Q:

Two automobiles A and B are approaching each other in adjacent highway lanes. At t = 0, A and B are 0.62 mi apart, their speeds are vA = 68 mi/h and vB = 39 mi/h, and they are at points P and Q,...

Q:

SMY Corporation produces 60,000 videophones per year. The company estimates its direct material costs for the videophone to be $300 per unit and its conversion (direct labor plus support) costs to...

Q:

Regarding the quality costing categories, how do prevention costs differ from appraisal costs? How do internal failure costs differ from external failure costs?

Q:

Group technology and processing cycle efficiency Ray Brown??s company, Whisper Voice Systems, is trying to increase its processing cycle efficiency (PCE). Because Ray has a very limited budget, he...

Q:

Learn about state laws on hate crimes.

Q:

Risk Assessment. This question consists of a number of items pertaining to an auditors risk analysis for a company. Your task is to tell how each item affects overall audit risk that is, the...

Q:

Management fraud (fraudulent financial reporting) is not the expected norm, but it happens from time to time. In the United States, several cases have been widely publicized. They happen when motives...

Q:

Management fraud (fraudulent financial reporting) is not the expected norm, but it happens from time to time. In the United States, several cases have been widely publicized. They happen when motives...

Q:

Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $66,000 and you plan to spend all of it. However, you...

Q:

Bambino Sporting Goods makes baseball gloves that are very popular in the spring and early summer season. Units sold are anticipated as follows: March 3,600 April 7,600 May 12,200 June 10,200...

Q:

help please 10. [-/4.08 Points] DETAILS BBUNDERSTAT12 8.4.010.S. MY NOTES ASK YOUR TEACHER In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of...