Factsheet - Operational Auditing

Factsheet

Operational Auditing

Download Factsheet

Factsheet

This is a members only resource.

Please login to access.

Author

IIA-Australia

Date

2023

Topics Explored

Internal Audit, Internal Audit Management

Format

Factsheet

Extract/Description

Operational audits are distinguished from other types of internal audit by having an objective to review efficiency, effectiveness, economy and ethics (known as the 4Es). Compares to a performance audit.

Key Points

1. The real value in an internal audit is determining the cause of the differences between ‘what is’ and ‘what should be’ and identifying value-adding options and improvement actions.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

No