Comparison of budgets and operating objectives with performance reveals material discrepancies.This is an application of which of the following five internal audit scope standards?
A)Operating and financial information integrity
B)Policy compliance verification
C)Asset security verification
D)Resource use efficiency
E)Operational effectiveness

Question

Quizplus · Accepted Answer

This is related to ensuring the integrity of operating and financial information, as discrepancies between budgets and actual performance indicate potential issues in the accuracy or reliability of financial data.

Comparison of Budgets and Operating Objectives with Performance Reveals Material