Performance audits differ from financial audits in that a. The GAO's "general standards" do...

50.1K

Verified Solution

Question

Accounting

Performance audits differ from financial audits in that
a. The GAO's "general standards" do not apply to performance audits
b. In conducting performance audits, the auditors do not necessarily attest to assertions of management
c. The auditors need not issue a formal report setting forth their findings
d. The main focus should be on activities that satisfy the criteria of Circular A-133 as "major programs"
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students