Acct 410 Government and Not for Profit Chp 11-15 Quiz Essay

interrogative 14 push through of 4 points national funds must be utilize only for activities that are within the range of a function of the grant would be a(n) wait on Selected serve permissible activity straighten out cause deductible activity doubtfulness 20 out of 4 points In account the results of a performance audit, it is appropriate for the meeters to dress discipline resolvent only of the above. doubt 34 out of 4 points Which of the pastime is a Yellow Book standard in respect to independence? final result Selected answer auditors should non audit their have work tame answer auditors should not audit their own work interrogatory 44 out of 4 points The Yellow Books planetary standards are issued by theAnswer Selected Answer GAOCorrect Answer GAO Question 54 out of 4 points In apprehensive the objectives of a course of study to be audited, the auditorsshould generate the least credibility toAnswer Selected Answer comments by the lower-level employees who really depend on the program for their livelihoods. Correct Answer comments by the lower-level employees who actually depend on the program for their livelihoods. Question 64 out of 4 points Which of the following is not reported upon in the Schedule of Findings and Questioned Costs?Answer Selected Answer reportable conditions connect to internal envision Correct Answer reportable conditions related to internal control Question 70 out of 4 points brass Auditing Standards characterizes government engagements into which of the following three categories?Answer Correct Answer financial audits, abidance audits, and performance audits Question 84 out of 4 points The process of specifically directing federal funds to a particular program is calledAnswer Selected Answer earmarkingCorrect Answer earmarking Question 94 out of 4 points organization Auditing Standards must be adhered to in all financial auditsexcept o fAnswer Selected Answer familiar corporationsCorrect Answer public corporations Question 100 out of 4 points The purpose of this is to avoid duplication of efforts in conducting governmental auditsAnswer Correct Answer item-by-item Audit constitute Question 114 out of 4 points This faithfulness requires that the wages of laborers and mechanics employed by the contractors of federally funded projects be paid at prevailing local wage rates.Answer Selected Answer Davis-Bacon ActCorrect Answer Davis-Bacon Act Question 124 out of 4 points Which of the following statements is incorrect well-nigh GAO standards pertaining to performance audits?Answer Selected Answer The GAO mandates that programs be audited every year by accounting deft professionals Correct Answer The GAO mandates that programs be audited annually by accounting trained professionals Question 134 out of 4 points Which of the following is not a full general Auditing Standard for financ ial audits?Answer Selected Answer financial stabilityCorrect Answer financial stability Question 144 out of 4 points Per the GAO standards, an auditors working papers mustAnswer Selected Answer contain adapted information to move an auditor having no previous federation with the audit that the separate supports the auditors conclusions and judgments Correct Answer contain sufficient information to convince an auditor having no previous connection with the audit that the evidence supports the auditors conclusions and judgments Question 150 out of 4 points largely accepted government auditing standards (GAGAS) refers to standards incorporated inAnswer Correct Answer the Yellow Book and the AICPAs Professional Standards Sunday, June 17, 2012 64352 PM EDT