Which is not a purpose of an economy and efficiency audit?
A) Whether the entity is acquiring, protecting, and using resources economically and efficiently.
B) The causes of inefficiencies and uneconomical practices.
C) Whether the entity has complied with laws and regulations concerning matters of economy and efficiency.
D) Each of the above is a purpose.

Question

Quizplus · Accepted Answer

An economy and efficiency audit aims to assess how resources are managed and used, identify causes of inefficiencies, and ensure compliance with relevant laws and regulations. Therefore, all the options listed are purposes of such an audit.

Which Is Not a Purpose of an Economy and Efficiency