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Defining individually, "operation" pertains to the activity of a business or organization. "Operational" relates to the operation of a business. Hence, putting both words in the perspective of auditing, simply, operational audit is the systematic review of the effectiveness and efficiency of business operations.
Operation audit touches CURRENT audit aspects and conflicts of company
Operational audit touches FUTURE audit aspects and conflicts of company
Operational Audit : An operational audit is an evaluation of specific activities within a business and how they have contributed to the growth of the company. its main objective is to determine the efficiency and effectiveness of any activity.
Operation Audit : Operation is an event or specific function in an business organisation where operational audit is performed.
In a single line discription Operational Audit to focus on the effectiveness of productivity and cost efficiency , Operation Audit is nothing but a internal audit it focus on what has happend in production or operation
Operational audits are audits that focus on the effectiveness, productivity, and cost efficiency of the operations of the business. Internal audits focus on what has happened already. Businesses look at the mistakes that were made and the vulnerabilities in the system which allowed those mistakes to be made
As the word suggests, "Operation Audit" reflects to the Audit of a specific function across the organization whereas "Operational Audit" refers to the systematic review of efficiency and effectiveness of the whole organization.
In my view the operation audit is the audit of various operations undertAken by the entity whereas the operational audit involves analysis of the efficiency or inefficiency of the operations to take management decision.
Operational Audit : An operational audit is an evaluation of specific activities within a business and how they have contributed to the growth of the company. See more Operation audit- a type of evaluation of a company's internal operations in terms of the quality as well as the.
