Which of the following types of audits is most likely to be conducted for the purpose of identifying areas for cost savings?
A)Financial statement audits
B)Operational audits
C)Regulatory audits
D)Compliance audits

Question

Quizplus · Accepted Answer

Operational audits are specifically designed to evaluate the efficiency and effectiveness of an organization's operations. As a result, they are often used to identify areas where cost savings can be achieved. Financial statement audits, regulatory audits, and compliance audits all have different objectives and are less likely to focus on cost savings.

Which of the Following Types of Audits Is Most Likely