Answer:
D. Operational Auditing
Explanation:
Based on the information provided within the question it can be said that the term that is being described is called Operational Audit. Like mentioned in the question, this refers to an overall review of an operations effectiveness, efficiency and economy. This is done through a process that is made up of five different phases, these phases are: Selection, Planning, Execution, Reporting, and Follow-Up.
Group of answer choices:
A) Environmental Auditing
B) Financial Auditing
C) Compliance Auditing
D) Operational Auditing
Answer:
The correct answer is letter "D": Operational Auditing.
Explanation:
Operational audits are the evaluations of processes of the company in an attempt to identify the effectiveness of the current strategies being implemented and improvement areas. The evaluation is made at the organizational level instead of by the performance of each department.
Operational audits follow these steps: establishing objectives, setting up an audit program, implementing the program, monitoring the audit program, and reviewing and updating the audit program.
