An operational audit differs in many ways from an audit of financial statements. Which of the following is the best example of one of these differences?

Multiple Choice

The operational audit deals with pre$-$tax income.

The usual audit of financial statements covers the four basic statements, whereas the operational audit is usually limited to either the balance sheet or

the income statement.

Operational audits do not ordinarily result in the preparation of a report.

Operational audits are more subjective and often involve evaluating efficiency and effectiveness of operations.