ACC 410 Quiz 8
This quiz consist of 15 multiple choice questions and covers the material in Chapter 14.
The purpose of this is to avoid duplication of efforts in conducting governmental audits
The process of specifically directing federal funds to a particular program is called:
Per the GAO standards, an auditor’s working papers must
Government Auditing Standards must be adhered to in all financial audits except of
Federal funds must be used only for activities that are within the scope of the grant would be a(n)
Which of the following is not reported upon in the Schedule of Findings and Questioned Costs?
Which of the following is not a General Auditing Standard for financial audits?
This law requires that the wages of laborers and mechanics employed by the contractors of federally funded projects be paid at prevailing local wage rates.
The Yellow Book’s general standards are issued by the
In discerning the objectives of a program to be audited, the auditors should give the least credibility to
Which of the following is a Yellow Book standard in respect to independence?
Government Auditing Standards characterizes government engagements into which of the following three categories?
Which of the following statements is incorrect about GAO standards pertaining to performance audits?
In reporting the results of a performance audit, it is appropriate for the auditors to
Auditors who perform government audits must complete 80 hours of continuing professional
education every two years, of which ____ hours must be related directly to government auditing.