What is the purpose of an operational audit?
- A Evaluating compliance with laws and regulations
- B Assessing the efficiency and effectiveness of the organisation's operations
- C Expressing an opinion on the financial statements
- D Assessing compliance with environmental legislation
Answer
Assessing the efficiency and effectiveness of the organisation's operations
An operational audit reviews how well resources are being used. A compliance audit checks adherence to rules and a financial audit gives an opinion on the accounts.
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