The purpose of an operational audit is to improve the efficiency of day-to-day operations, reports Accounting Tools. These activities contribute indirectly to the functioning of the business.

Businesses can get a decent idea of how they are doing in operations by examining internal company data through reports and graphs. However, sometimes those close to the company don't review this data ...

The CA Institute has come out with “Audit Working Paper Templates” to help auditors prepare their audit working papers consistently and effectively This has been brought out by the ICAI’s Auditing and ...