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Auditing & Assurance 101 Practice Test: Internal and Governmental Financial Auditing and Operational Auditing
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Here are some basics of internal and governmental financial auditing and operational auditing: Financial audit: A statutory requirement for registered companies, a financial audit is a review of a client's financial statements to ensure they are accurate. The goal is to obtain an independent opinion on the accuracy of the financial statements. Operational audit: A review of an organization's systems, procedures, and internal controls, the goal of an operational audit is to evaluate the efficiency and effectiveness of these systems. The audit may also make suggestions for... Show more
Auditing & Assurance 101 Practice Test: Internal and Governmental Financial Auditing and Operational Auditing
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1. Integrity is one of the IIA's ethical principles.