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IA
OPERATIONAL AUDIT
A comprehensive and constructive review of organizational structure or
components thereof that is the method of operation and use of physical facilities.
It examines whether the operations are performed in accordance with the
established policies and towards the achievements of the goals set.
Also known as an audit which results in a statement of opinion by an auditor with
regard to the performance and to identify areas in which additional investigations
may yield improvement.
A systematized appraisal of performance.
Purpose is to inform the management whether or not the policies are being
accomplished and whether there is scope for effective accomplishment of the
policies, objectives, or goals.