What do you know about auditing? Do you have any idea about operational auditing and how it is done? Here, we have a trivia quiz based on operational auditing to test whether you know the basics of auditing. Operational auditing refers to the process of evaluating the operational activities of a company. Do you know about the processes in detail? Give this quiz a try and check for the same. We wish you all the very best to you!
CPA Firms / External Auditors
Government Auditors
Consultants
None of the above
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Economy
Efficiency
Effectiveness
Equity
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Business Operations
Governance Processes
All of the above
None of the above
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Value – for – Money Approach
Risk – Based Approach
Control Self – Assessment
None of the above
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Financial Reporting objectives such as GAAP.
Corporate standards of business conduct, internal policies; specific laws and regulations.
Mission, Vision and Objectives of the Organization and its management.
All of the above.
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Effectiveness and efficiency of financial and operational information
Compliance with laws, regulations and contracts
Safeguarding assets
None of the above
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Risk – Based Approach
Process Approach
Systems Monitoring
None of the above
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Functional
Special Assignments
Systems Monitoring
None of the above
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Management may need the auditor’s analysis and objective report to sell changes to upper management.
Management does not see the need for change.
All of the above
None of the above
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Quiz Review Timeline (Updated): Aug 17, 2023 +
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