Question: Operational ( performance ) audits are useful because they: involve gathering evidence to determine whether the entity under review has followed the rules, policies, procedures,

Operational (performance) audits are useful because they:
involve gathering evidence to determine whether the entity under review has followed the rules, policies, procedures, laws, or regulations with which they must conform.
ensure companies pay appropriate taxes.
include a comprehensive audit.
are concerned with the economy, efficiency, and effectiveness of an organization's activities.
 Operational (performance) audits are useful because they: involve gathering evidence to

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Accounting Questions!