Sunshine Castañeda

ACCE 311(619) : Operations Auditing

ULOb: Let’s Analyze

1. The company's power trifecta is operational, internal, and external auditing. The

Internal controls are reviewed and risks are analyzed by the operational audit function in

departments.Wherein a detailed analysis of the company's performance, efficiency, and

cost-effectiveness a complete, fair, and forward-looking examination of the

organization's activities Internal Audits might help you find problems in your business

that can be fixed. in order to protect your assets, and will assist senior management in

identifying and prioritizing them.internal dangers, as well as ways to mitigate them.

External financial auditing by a third party determins whether the statements show

themselves fairly in all material areas. Whether they present a true and fair picture of

the company's financial situation. Different aspects of the business have operational,

internal, and external auditing functions. As a result, it ought to be accorded due

consideration and respect.