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    Auditing and Assurance Services Study Set 1
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    Exam 26: Internal and Governmental Financial Auditing and Operational Auditing
  5. Question
    Efficiency Refers to the Degree to Which Costs Are Reduced
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Efficiency Refers to the Degree to Which Costs Are Reduced

Question 48

Question 48

True/False

Efficiency refers to the degree to which costs are reduced without changing effectiveness. The auditor's opinion as to the appropriateness and sufficiency of evidence in forming an opinion on the financial statements.

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