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Describe what is meant by an operational audit

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Reference no: EM133104063

Questions -

1. Describe what is meant by an operational audit.

2. Explain the differences in the terms operational, performance, and management audits.

3. Discuss differences between effectiveness and efficiency in operational auditing.

4. Explain how planning and reporting for operational auditing is similar to and different from financial auditing.

5. Under what circumstances are external auditors likely to be involved in operational auditing? Give one example of operational auditing by a CPA firm.

Reference no: EM133104063

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