Question: Performance audits are useful because: (a) They include an internal audit. (b) They are concerned with the economy, efficiency, and effectiveness of an organizations activities.

Performance audits are useful because:
(a) They include an internal audit.
(b) They are concerned with the economy, efficiency, and effectiveness of an organization’s activities.
(c) They involve gathering evidence to ascertain whether the entity under review has followed the rules, policies, procedures, laws, or regulations with which it must conform.
(d) None of the above

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