Show This preview shows page 4 - 7 out of 11 pages. 30.challengingbWhich of the following isnota purpose of a program audit as performed by governmentauditors? Arens/Elder/BeasleycWhat distinguishes internal control evaluation and testing for financial and operationalauditing?32.Of the many hours of continuing professional education required every two years, how manymust be in subjects related to the government environment and government auditing for auditorsinvolved in planning, performing and reporting on audits under GAGAS?33.To be effective, an internal audit department must report to:ChallengingbOperating departmentsThe accounting departmenta.YesYesb.NoNoc.YesNod.NoYes34.challengingExternal financial statement auditors must obtain evidence regarding what attributes of aninternal audit department if the external auditors intend to rely on the internal auditor’s work?dIndependence from the Audit CommitteeCompetencea.YesYesb.NoNoc.YesNod.NoYesEssay Questions35.easyWhat organization establishes auditing standards for internal auditors and what are thosestandards commonly called?36.mediumWhat are several similarities between internal and external auditors? 37.mediumExternal auditors typically consider internal auditors effective if they meet three criteria. Whatare these criteria? Get answer to your question and much more Arens/Elder/Beasley38.mediumHow do the risk and materiality thresholds change in a government audit compared to afinancial statement audit of a public company? Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 11 pages? Upload your study docs or become a Course Hero member to access this document This preview shows page 1 - 4 out of 6 pages. 30.challengingWhich of the following isnota purpose of a program audit as performed by Get answer to your question and much more 31.challengingcWhat distinguishes internal control evaluation and testing for financial and operationalauditing? Get answer to your question and much more 32.challengingcOf the many hours of continuing professional education required every two years, how manymust be in subjects related to the government environment and government auditing forauditors involved in planning, performing and reporting on audits under GAGAS? Get answer to your question and much more 33.To be effective, an internal audit department must report to:ChallengingbOperating departmentsThe accounting departmenta.YesYesb.NoNoc.YesNod.NoYes 34.challengingExternal financial statement auditors must obtain evidence regarding what attributes of aninternal audit department if the external auditors intend to rely on the internal auditor’s work?Independence from the AuditCommittee Get answer to your question and much more Essay Questions35.easyWhat organization establishes auditing standards for internal auditors and what are thosestandards commonly called? Get answer to your question and much more 36.What are several similarities between internal and external auditors? Get answer to your question and much more Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 6 pages? Upload your study docs or become a Course Hero member to access this document What is the purpose of a government audit?Government auditing standards are used to conduct financial audits and performance audits of government entities and entities that receive government awards. Performance audits are used to measure the performance of a project or program against previously defined objectives.
Can government auditors perform operational audit?16) Effectiveness is concerned with whether defined goals are achieved, whereas efficiency is concerned with whether the goals are achieved with a minimum use of resources. 17) Operational audits may be performed by internal auditors and government auditors, but not by external auditors.
What are the two 2 most important qualities for an operational auditor?The two most important qualities for an operational auditor are: a. personality and appearance. b. independence and competence.
What is the purpose of an operational audit Mcq?The Operational Auditing Handbook borrows The Institute of Internal Auditors' (IIA) definition of an operational audit: “A systematic process of evaluating an organization's effectiveness, efficiency and economy of operations under management's control and reporting to appropriate persons the results of the evaluation ...
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Which of the following is not a purpose of a program audit as performed by government auditors
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