Question
7) Discuss the similarities and differences between financial statement audits, operational audits, and compliance audits. Give an example of each type.
(A) an independent CPA firm audits a company's historical financial statements.(B) an Internal Revenue Service auditor audits that same company's tax return.(C) an internal auditor performs an operational audit to evaluate whether the company's computerized payroll processing system is operating efficiently and effectively.
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Subject:
Accounting, Business