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Author Question: Which of the following isnotone of the major differences between financial and operational auditing? (Read 102 times)

Tiffanyanne824

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Which of the following is not one of the major differences between financial and operational auditing?
◦ The financial audit is oriented to the past, but an operational audit concerns performance for the future.
◦ The financial audit report has widespread distribution, but the operational audit report has limited distribution.
◦ Financial audits deal with the information on the financial statements, but operational audits are concerned with the information in the ledgers.
◦ Financial audits are limited to matters that directly affect the fairness of the financial statement presentation, but operational audits cover any aspect of efficiency and effectiveness.


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Marked as best answer by Tiffanyanne824 on Aug 21, 2022

Snabbey

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Tiffanyanne824

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


Dominic

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Reply 3 on: Yesterday
:D TYSM

 

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