Distinguish between efficiency and effectiveness in operational audits. State one example of an operational audit explaining efficiency
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Effectiveness refers to the accomplishment of objectives whereas efficiency refers to the resour...View the full answer
Answered By
Madhur Jain
I have 6 years of rich teaching experience in subjects like Mathematics, Accounting, and Entrance Exams preparation. With my experience, I am able to quickly adapt to the student's level of understanding and make the best use of his time.
I focus on teaching concepts along with the applications and what separates me is the connection I create with my students. I am well qualified for working on complex problems and reaching out to the solutions in minimal time. I was also awarded 'The Best Tutor Award' for 2 consecutive years in my previous job.
Hoping to get to work on some really interesting problems here.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Question Posted:
Students also viewed these Auditing questions
-
Distinguish between efficiency and effectiveness.
-
Describe the difference between efficiency and effectiveness and identify real organizations you think are, or are not, efficient and/or effective.
-
Give examples of efficiency and effectiveness in managing your everyday life.
-
Can you provide an example of when you led a previous organization through a major operational change? Did you encounter any obstacles and how did you motivate and guide your team through these...
-
If P is a triangular orthogonal matrix, show that P is diagonal and that all diagonal entries are 1 or -1.
-
A trader owns a commodity as part of a long-term investment portfolio. The trader can buy the commodity for $950 per ounce and sell it for $949 per ounce. The trader can borrow funds at 6% per year...
-
Explain medical staff organization and committee structure.
-
Prior to adjustment at the end of the year, the balance in Trucks is $275,900 and the balance in Accumulated Depreciation'Trucks is $91,350. Details of the subsidiary ledger are as follows: a....
-
3. Suppose the market is wild; it is modeled by . (a) What is the value of a Call? (b) What is the value of a Put? (c) Explain both answers in terms of finance.
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
Identify the three major differences between financial and operational auditing.
-
Distinguish among the following types of operational audits: functional, organizational, and special assignment. State an example of each for a not-for-profit hospital.
-
How can data on corporate insiders be used to test both the semi strong and the strong forms of the EMH?
-
Evaluate the function. f(-2) = f(x) = 2.8(4)x + 1 + 9.5, for f(-2)
-
Solve the equation. Check the solution. K 7 (4x-1)= 4 9 9
-
Simplify. (-10x) (-3x) (153x-9) (-10x) (-3x) (x) = [ 1 (Use positive exponents only.)
-
Simplify the expression. -62+ (-45) (-3)
-
Do you think Interface Carpets business model is infinitely sustainable, or will there come a time when they won't be able to continue making carpets in this manner ( think about the raw materials...
-
Radio-frequency identification is commonly used to trace object movement and perform inventory control. An RFID reader can successfully read an RFID tag from a limited distance at any scheduled time....
-
The production budget of Artest Company calls for 80,000 units to be produced. If it takes 30 minutes to make one unit and the direct labor rate is $16 per hour, what is the total budgeted direct...
-
In the Bode plot of a unity feedback control system, the value of phase of \(G(j \omega)\) at the gain cross over frequency is \(-125^{\circ}\). The phase margin of the system is (a) \(-125^{\circ}\)...
-
A local PA, who has been in practice for several years, recently met with representatives of an internet service provider that is interested in developing a website for the PAs practice. The PA has...
-
For each of the following procedures that are taken from the quality control manual of a public accounting firm, identify the applicable element of quality control from Table 2-2 on page 39 and...
-
The following comments summarize the beliefs of some practitioners about quality control and practice inspection: Quality control and practice inspection are quasigovernmental methods of regulating...
-
If you invest $250 a month for 40 years at 10% interest. How much money will you have.
-
Watch the Video "Types of Risks - Risk Management in Banks" https://youtu.be/8QjCdwhPT8U Provide a one paragraph answer to each of the following questions: In your opinion, what type of bank risk has...
-
4. A product manager prepared the following forecasts for a product line: 0 1 2 3 4 5 6 and later + + + + + $2m $2m $3m $4m $4m g=2.5% If the appropriate discount rate is 8.5%, what is the present...
Study smarter with the SolutionInn App