Definition ∞ Operational Audits involve a systematic review of an organization’s activities to assess the efficiency and effectiveness of its processes, controls, and performance. These audits evaluate whether resources are being utilized optimally and if objectives are being met in a sound and economical manner. The aim is to identify areas for improvement and ensure procedural compliance. They provide an independent assessment of internal processes.
Context ∞ For entities operating within the digital asset space, particularly centralized exchanges, custodians, or large decentralized autonomous organizations, operational audits are becoming increasingly important. News reports often highlight the necessity of such audits to build trust and demonstrate robust internal controls, especially in light of past security incidents or financial mismanagement. Regulatory bodies are also increasingly advocating for these reviews to protect market participants and ensure market integrity.
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