The primary difference between operational auditing and financial auditing is that in operational auditing a. The operational
Question:
The primary difference between operational auditing and financial auditing is that in operational auditing
a. The operational auditor is not concerned with whether the audited activity is generating information in compliance with financial accounting standards.
b. The operational auditor is seeking to help management use resources in the most effective manner possible.
c. The operational auditor starts with the financial statements of an activity being audited and works backward to the basic processes involved in producing them.
d. The operational auditor can use analytical skills and tools that are not necessary in financial auditing.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws