For the following statements indicate whether the statement is true or false.

a. Operational auditing is a type of auditing that is performed only by governmental auditors and internal auditors.

b. Third party reliance on audit results is a common characteristic of operational audits and financial audits.

c. An operational audit is more in the nature of a systematic review than an examination in accordance with professional standards.

d. The identification or development of performance standards is an important aspect of every operational audit.

e. To conduct operational audits it is necessary to obtain a license to practice as an operational auditor.

f. The objective of an operational audit engagement is to express an opinion on the overall efficiency or effectiveness of an organization.

g. An operational audit report on a governmental entity must include a description of material weaknesses in administrative control, if any, but in an operational audit of a business organization, such disclosure may be described but is not required.

h. The first step in an operational audit engagement is usually a preliminary survey to identify problem areas.

i. It would be inappropriate for an operational auditor to use performance criteria developed within the organization under review.

j. A review of controls is not usually important in an operational audit.

k. An operational audit report usually describes the objectives, scope, and approach of the engagement and presents specific findings and recommendations, but does not have a standardized form or content.