Question：Which type of audit is concerned with the monitoring of management's performance, concentrating on the outputs of the system and the efficiency of the organisation?
 
　　A. Social audit
 
　　B. Operational audit
 
　　C. Probity audit
 
　　D. Systems audit
 
　　The correct answer is: Operational audit
 
　　Rationale: A systems audit is based on the testing and evaluation of internal controls. A probity (or transaction) audit checks account entries to identify errors or omissions which may indicate fraud. A social audit measures the social responsibility or social impacts of the business.
 
　　Pitfalls: This is another area of distinctive clusters of terminology: make sure you can identify operational, systems and transactions audits - and the types of tests they use (compliance v substantive).

 
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