- A review of an organization's activities to assess whether they are being carried out efficiently and effectively.
Accounting dictionary. 2014.
Look at other dictionaries:
operational audit — Gen Mgt a structured review of the systems and procedures of an organization in order to evaluate whether they are being conducted efficiently and effectively. An operational audit involves: establishing performance objectives, agreeing the… … The ultimate business dictionary
audit — An independent review of an asset, liability, activity, organization, or set of *financial statements. Audits are usually performed to support or refute defined *audit objectives, and normally result in an *audit opinion on the matter under… … Auditor's dictionary
Operational Response Group — Active 2005 present Country … Wikipedia
Audit — For other uses, see Audit (disambiguation). Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management … Wikipedia
operational auditing — 1. The auditing of an organization’s operational and *managerial activities, as opposed to its accounting transactions. The first use of the term is widely attributed to Frederic E. Mints in 1954 (Flesher, 1991, 5) prior to which the term… … Auditor's dictionary
Operational risk management — See also: Risk management The term Operational Risk Management (ORM) is defined as a continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or… … Wikipedia
audit objective — 1. The purpose of an audit. Audits are normally performed to support or refute specific objectives. The external audit of an organization, for example, typically has the following main objectives: To obtain evidence that the organization’s… … Auditor's dictionary
audit society — A term coined by *Michael Power to denote allegedly pervasive and negative influences of auditing practices in modern life. Power has elaborated the concept in, among other writings, The Audit Society: Rituals of Verification (1997), and has… … Auditor's dictionary
audit authority of an operational programme — Lietuvos žuvininkystės sektoriaus 2007–2013 metų veiksmų programos audito institucija statusas Aprobuotas sritis žuvininkystė ir žvejyba apibrėžtis Institucija, atsakinga už Lietuvos žuvininkystės sektoriaus 2007–2013 metų veiksmų programos… … Lithuanian dictionary (lietuvių žodynas)
audit universe — The total potential scope of work within an auditor’s remit. *Audit planning involves the allocation of resources to individual *auditable units within an audit universe, normally on the basis of a combination of the following: (i) *materiality… … Auditor's dictionary