A typical objective of a performance audit is to determine whether an entity's:
A) operational information is in accordance with generally accepted government auditing standards.
B) financial statements fairly present the results of operations.
C) specific operating units are functioning efficiently and effectively.
D) internal control is adequately operating as designed.

Question

Quizplus · Accepted Answer

The objective of a performance audit is to examine the operations of an entity or a specific unit within the entity and determine their efficiency and effectiveness. The other options do not directly relate to the objective of a performance audit. Option A pertains to compliance audits, while option B pertains to financial audits. Option D pertains to an internal control audit.

A Typical Objective of a Performance Audit Is to Determine