Select the necessary words from the list of possibilities to complete the following statements. Answer...

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Accounting

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Select the necessary words from the list of possibilities to complete the following statements. Answer 1 Statements Audits in accordance with the are specifically designed to help ensure that the billions of dollars in federal financial assistance are appropriately spent 2 In an audit in accordance with the Single Audit Act violations of laws and regulations that are estimated to have a material effect on an organization's financial statements are referred to as 3. An operational audit focuses on the efficiency, effectiveness, and of operations When auditing financial statements in accordance with generally accepted auditing standards, the auditors 4 must test compliance with all laws and regulations that have a effect on line-item amounts in the financial statements In an audit in accordance with Government Auditing Standards, the auditors report on and on the organization's internal control 5 to rs n compliance with laws and regulations direct and material economy exit conference Foreign Corrupt Practices Act on 5 independent Institute of Internal Auditors material instances of noncompliance preliminary survey Single Audit Act n

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