A typical objective of an operational audit is for the auditor to
A)determine whether the financial statements fairly present the entity's operations.
B)evaluate the feasibility of attaining the entity's operational objectives.
C)evaluate the effectiveness of an internal process.
D)report on the entity's relative success in attaining profit maximization.

Question

Quizplus · Accepted Answer

The objective of an operational audit is to evaluate the effectiveness and efficiency of an internal process or activity. It aims to identify areas for improvement and provide recommendations for better performance. It is not focused on financial statement presentation, feasibility of objectives or profit maximization.

A Typical Objective of an Operational Audit Is for the Auditor