Answered: true about operational auditing

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 7CYBK

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Question

15.

Which of the following statements is true about operational auditing?

Group of answer choices

Operational audits may also be concerned with the hierarchy of the organization since a poorly structured organization, or one where Information does not flow accurately and promptly jeopardizes efforts to achieve objectives

None of the choices

The purpose of operational auditing is to improve organizational stature and the attainment of departmental objectives.

An important aspect of operational auditing is that rather than merely verifying that employees are performing their duties according to established policies and procedures, internal auditors also verify a variety of quantitative aspects of the organization and its activities.

Operational auditing involves evaluating management's performance since they have a fiduciary responsibility toward the organization's owners and other relevant stakeholders.

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