Which of the following is not a difference between operational auditing and financial auditing?
A) Both must be performed by a CPA.
B) Operational audit reports are usually of a restricted distribution while financial audit reports are widely distributed.
C) Operational audits often cover nonfinancial issues while financial audits do not.
D) None of the above is a difference.

Question

Quizplus · Accepted Answer

Both operational auditing and financial auditing must be performed by a CPA, making this option not a difference between the two types of audits. Option B is correct since operational audit reports are usually restricted and distributed to a limited number of people, while financial audit reports are widely distributed. Option C is true as well; operational audits might cover nonfinancial issues, such as internal controls, while financial audits focus on financial statements and records.

Which of the Following Is Not a Difference Between Operational