Which of the following is not one of the major differences between financial and operational auditing?
A) The financial audit is oriented to the past, but an operational audit concerns performance for the future.
B) The financial audit report has widespread distribution, but the operational audit report has limited distribution.
C) Financial audits deal with the information on the financial statements, but operational audits are concerned with the information in the ledgers.
D) 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.
C
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How can and why should a firm link S&OP throughout the supply chain?
What will be an ideal response?
If an asset's disposal value is less than its ________, a loss on disposal occurs
A) original market value B) current book value C) initial cost or original book value D) current market value