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

An operational audit is a review of an organization's operating procedures and processes. The boundaries of an operational audit are often drawn from an organization chart and can cover multiple accounting periods. This is different from an audit of financial statements, which typically covers a single accounting period and focuses on the accuracy of financial information presented in the company's financial statements.

An Operational Audit Differs in Many Ways from an Audit