The approach that has been suggested for operational audits is:
A) the risk based audit approach
B) the value-for-money audit approach
C) the process audit approach
D) all three of the above approaches have been suggested for operational audits

Question

Quizplus · Accepted Answer

Operational audits can utilize various approaches to assess the efficiency, effectiveness, and economy of an organization's operations. The risk-based audit approach focuses on identifying and evaluating the risks that could impact the organization's objectives. The value-for-money audit approach assesses whether the organization is achieving maximum value for its expenditures. The process audit approach examines the effectiveness of the processes within the organization. All three approaches have been suggested for operational audits, as they each offer a different perspective on how to improve operations.

The Approach That Has Been Suggested for Operational Audits Is