operational auditing


operational auditing
1. The auditing of an organization’s operational and *managerial activities, as opposed to its accounting transactions. The first use of the term is widely attributed to Frederic E. Mints in 1954 (Flesher, 1991, 5) prior to which the term nonaccounting had been used in place of operational. Operational auditing often focuses on the *Three E’s of the *economy, *efficiency, and *effectiveness of activities. Compare *compliance audit and *management audit. 2. In a wider and looser sense, the term is often used as an alternative name for internal auditing. Further reading: Cadmus (1964); Chambers and Rand (1997); Flesher (1982); Mints (1954)

Auditor's dictionary. 2014.

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