What type of audit is concerned with the economy, efficiency and effectiveness of an organization's activities?
A)A compliance audit
B)An operational audit
C)A financial statement audit
D)An integrated audit

Question

Quizplus · Accepted Answer

An operational audit is concerned with the economy, efficiency and effectiveness of an organization's activities. Compliance audits are focused on whether an organization is following laws and regulations, financial statement audits are focused on the accuracy of an organization's financial statements, and integrated audits combine elements of both operational and financial statement audits.

What Type of Audit Is Concerned with the Economy, Efficiency