An auditor would be most likely to issue a "summary of findings" in connection with which one of the following types of services?
A) a financial statement audit
B) consulting services
C) an operational audit
D) a review
E) accounting services

Question

Quizplus · Accepted Answer

A "summary of findings" is typically issued in connection with an operational audit, where the auditor evaluates the efficiency and effectiveness of any part of an organization's operating procedures and methods. This contrasts with financial audits, reviews, and accounting services, which focus more on financial statements and compliance with accounting standards, and consulting services, which may involve advice and recommendations without the formal issuance of findings.

An Auditor Would Be Most Likely to Issue a "Summary