Question

2. Which one of the following types of audits would be most likely to focus on objectives related to the efficient use of resources? a. Operational audit b. Independent audit c. Compliance audit d. Information systems audit 3. Which of the following is a reason for independent checks? a. To assess an employee and determine whether he or she is following control procedures b. To detect and correct errors and misappropriation of assets c. To ensure that mistakes can be corrected within the fiscal year they are made d. To ensure that management appears compliant with external audit standards 4. Output controls provide assurance that processing is complete and accurate. Which of the following controls is not an output control? a. Password protection of document b. Error listing c. Audit trail d. Reasonableness check 5. The data entry staff of National Manufacturing Inc. has responsibility for converting all of the plant's shipping information to computerized records. The information flow begins when the shipping department sends a copy of a shipping order to the data entry staff. A data entry operator scans the shipping order information onto a hand-held data storage device. Verification clerks then check the computerized record with the original shipping orders. When a given batch of files has been reviewed and corrected, as necessary, the information is uploaded to the company's mainframe system at the home office. The most effective way to visualize and understand this set of activities would be through the use of a a. Document flowchart b. Decision table c. Gantt chart d. Program flowchart

Answer 1

Ans: The correct option for the answer is option A i.e. Operational audit.

The audit process toward assessing the efficiency and effectiveness of a firms departments, programs, is termed as operational auditing.Operational auditing is the process of evaluating an organisational efficiency , and economy of operations under management control.It majorly focus on efficient utilization of resources

According to HOMEWORKLIB RULES only first question need to be answered