A comprehensive examination of an operating unit or a complete organization to evaluate its systems,controls,and performance,as measured by management's objectives is called a(an):
A)Compilation.
B)Consultation.
C)Operational Audit.
D)"Yellow Book" audit.

Question

Quizplus · Accepted Answer

An operational audit is a comprehensive examination of an operating unit or a complete organization to evaluate its systems, controls, and performance, as measured by management's objectives. A compilation is a process of organizing financial information to present in a reasonable manner, but it does not involve an examination or verification of the accuracy of the information. A consultation involves providing advice or assistance to a client but does not involve an examination or evaluation of their systems or performance. A "Yellow Book" audit refers to audits performed in accordance with the Government Auditing Standards, which apply to audits of government organizations and programs.

A Comprehensive Examination of an Operating Unit or a Complete