Operational Audit

operational audit

See management audit.

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Operational Audit

A measurement and report of the effectiveness and results of certain business procedures. Operational audits are usually performed internally, and check to see that procedures have their intended effect. Unlike a compliance audit, which simply ensures that procedures are being followed, operational audits challenge the assumptions and goals of procedures, with an eye toward improving efficiency. An operational audit may recommend changes in procedures resulting from observed inefficiencies in existing procedures. It is also called a management audit. See also: Audit, Assurance.