One type of audit that is concerned with the economical and efficient use of resources and the accomplishment of established goals and objectives is known as a(n)________ audit.
A) financial
B) information systems
C) internal control
D) operational or management

Question

Quizplus · Accepted Answer

Operational or management audit is concerned with evaluating the efficiency and effectiveness of operations, including the use of resources, and the achievement of predetermined goals and objectives. This type of audit focuses on assessing the processes and procedures used by management to achieve organizational objectives. Financial audits focus on the financial statements, information systems audits focus on the technology systems, and internal control audits focus on the controls in place to manage risks.

One Type of Audit That Is Concerned with the Economical