In operational audits the auditor does not need to be knowledgeable of the industry in which the entity operates.
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Q10: There are more phases in an operational
Q11: Like financial statement audits, an operational audit
Q12: During an operational audit, the auditor makes
Q13: Internal auditing is part of the monitoring
Q14: Internal audit has a reporting responsibility directly
Q16: The operational audit report is usually drafted
Q17: Like the AICPA Code of Professional Ethics,
Q18: The audit is the most time consuming
Q19: Certified internal auditors are licensed by the
Q20: Passage of the Foreign Corrupt Practices Act
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