Discussion
Match the audit type with what it delivers.
1. Walk-through 2. Detailed 3. Investment-grade
P. Measured savings with risks quantified for a lender Q. Indicative opportunities from inspection and records R. Measured performance of the significant systems
Answer: D
Correct answer: 1-Q, 2-R, 3-P
The three levels differ in how much measurement stands behind the numbers. A walk-through relies on inspection and existing records and gives indicative opportunities. A detailed audit measures the significant systems and quantifies their performance. An investment-grade audit adds an analysis of risk and uncertainty, because a lender is being asked to finance the savings and must know how firm they are.
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