An audit that involves obtaining and evaluating evidence about the efficiency and effectiveness of an entity's operating activities in relation to specified objectives is a(n):
A) internal audit.
B) external audit.
C) operational audit.
D) compliance audit.
E) financial statement audit.

Question

Quizplus · Accepted Answer

An operational audit focuses on evaluating the efficiency and effectiveness of an organization's operations, specifically in relation to its objectives. This type of audit aims to identify areas for improvement and enhance operational efficiencies, differing from financial, compliance, and internal audits, which have other primary focuses.

An Audit That Involves Obtaining and Evaluating Evidence About the Efficiency