One type of audit that is concerned with the economical and efficient use of resources and the accomplishment of established goals and objectives corresponds to the fourth and fifth standards set forth by the IIA.This is known as a(n)__________ audit.
A)financial
B)information systems
C)internal control
D)operational or management

Question

Quizplus · Accepted Answer

The description of the audit (concerned with economical and efficient use of resources and accomplishment of goals and objectives) matches the definition of an operational or management audit, which falls under the fourth and fifth standards set forth by the IIA. Financial, information systems, and internal control audits do not focus specifically on the achievement of goals and objectives, making D the best choice.

One Type of Audit That Is Concerned with the Economical