What distinguishes internal control evaluation and testing for financial and operational auditing?
A) purpose of the work
B) scope of the work
C) both A and B
D) neither A nor B

Question

Quizplus · Accepted Answer

The purpose of the work and the scope of the work differ between financial and operational auditing. Financial auditing is focused on the financial statements and related internal controls, while operational auditing is focused on the effectiveness and efficiency of operations. Therefore, the evaluation and testing of internal controls will differ between the two types of auditing, making both A and B correct.

What Distinguishes Internal Control Evaluation and Testing for Financial and Operational