An operational audit differs in many ways from an audit of financial statements.Which of the following is the best example of one of these differences?

Question

Quizplus · Accepted Answer

Operational audits focus on evaluating the efficiency and effectiveness of operations, which is a subjective evaluation that differs from the objective evaluation of financial statements in a financial audit. The other choices are incorrect: 
A) Financial audits cover all four statements, there is no limitation to just one statement in any audit. 
C) Operational audits do result in the preparation of a report, like a financial audit. 
D) Both financial and operational audits deal with pre-tax income.

An Operational Audit Differs in Many Ways from an Audit