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Author
IIA-Australia
Date
2023
Topics Explored
Governance
Format
Factsheet
Extract/Description
Operational audits are distinguished from other types of internal audit by having an objective to review efficiency, effectiveness, economy and ethics (known as the 4Es).
Key Points
The real value in an internal audit is determining the cause of the differences between ‘what is’ and ‘what should be’ and identifying value-adding options and improvement actions.