an operational audit differs in many ways from an audit of financial statements.
ID: 2386524 • Letter: A
Question
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 ?
a. the usual audit of financial statements covers the four basic statments, whereas the operational audit is usually limited to either the balance sheet or income statement
b. the boundaries of an operational audit are often drawn from an organizational chart and are not limited to a single accounting period
c. operational audits do not ordinarily result in the preparation of a report
d. the operational audit deals with pretax income
Explanation / Answer
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 ?
ANSWER
b. the boundaries of an operational audit are often drawn from an organizational chart and are not limited to a single accounting period
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