A compliance audit is most likely to address an organization's compliance with:
A)Requirements for effectiveness,efficiency and economy of operations.
B)Financial reporting requirements.
C)Laws and regulation.
D)Management's objectives.

Question

Quizplus · Accepted Answer

A compliance audit is focused on evaluating and ensuring that an organization is following relevant laws and regulations applicable to its operations. While requirements for effectiveness, efficiency, and economy of operations may be important aspects of an organization's overall audit, they are not the primary focus of a compliance audit. Financial reporting requirements and management's objectives may also be evaluated in an audit, but these are not the primary areas of concern for a compliance audit.

A Compliance Audit Is Most Likely to Address an Organization's