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Internal Auditing and Systems Controls

?

When an auditor expresses an opinion as to the efficiency and effectiveness of an
entity’s activities and makes recommendations for improvements, the auditor is conducting a(n)

Financial statement audit of a public company.Financial statement audit of a municipality.Compliance audit. Operational audit.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Answer (D) is correct. The audit process directed toward assessing the efficiency and effectiveness of one of a firm’s departments, programs, etc., is termed operational auditing.

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