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Operational Audit involves examination of all operations and activities of the entity. True or False?

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Question ajoutée par Abdul Khalique , Finance Manager , Value Real Estate & Construction
Date de publication: 2016/03/08
Frank Mwansa
par Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

TRUE

Operational audit is a systematic review of effectiveness, efficiency and economy of operation. Operational audit is a  future - oriented, systematic, and independent evaluation of organisational activites. In operational audit financial data may be used, but the primary sources of evidence are the operational policies and achievement related to organisational objectives. It is a more comprehensive form of an internal audit.

 

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