1. Match the engagements described below (1 6) to the type of audit (a, b, or c): (6 points)
   1. Financial statement audit
   2. Compliance audit
   3. Operational audit

1. Evaluate if a company's payroll processing is operating efficiently and effectively
2. Evaluate/determine if bank covenants are being met.
3. Evaluate financial statements that are to be submitted to a bank.
4. Determine if a hospitals Medicare reimbursements are in accordance with federal policy
5. Determine the effectiveness of the shipping and receiving process in a manufacturing department.
6. Annual audit of a companys financials for vendors and other external users