An evaluation conducted by one organization on another organization is referred to as a(n)________ audit.
A)external
B)competitive
C)comparative
D)intrinsic
E)parallel

Question

Quizplus · Accepted Answer

An external audit is conducted by an independent organization to evaluate the financial and non-financial aspects of another organization, whereas a competitive audit evaluates a company's strengths and weaknesses in relation to its competitors. A comparative audit involves comparing the performance and financial position of an organization over time or against other organizations in the same industry, while an intrinsic audit assesses an organization's internal controls and policies. A parallel audit is conducted simultaneously by different bodies to evaluate the same organization's activities.

An Evaluation Conducted by One Organization on Another Organization Is