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

Topics: Audit, Auditing, Financial audit Pages: 4 (560 words) Published: September 12, 2013
Question 1
4 out of 4 points
| |
| Federal funds must be used only for activities that are within the scope of the grant would be a(n)Answer | | | | | Selected Answer:|    allowable activity|
Correct Answer:|    allowable activity|
| | | |
Question 2
0 out of 4 points
| |
| In reporting the results of a performance audit, it is appropriate for the auditors toAnswer | | | | | | |
Correct Answer:|    all of the above.|
| | | |
Question 3
4 out of 4 points
| |
| Which of the following is a Yellow Book standard in respect to independence?Answer | | | | | Selected Answer:|    auditors should not audit their own work| Correct Answer:|    auditors should not audit their own work|

| | | |
Question 4
4 out of 4 points
| |
| The Yellow Book’s general standards are issued by theAnswer | | | | | Selected Answer:|    GAO|
Correct Answer:|    GAO|
| | | |
Question 5
4 out of 4 points
| |
| In discerning the objectives of a program to be audited, the auditors should give the least credibility toAnswer | | | | | Selected Answer:|    comments by the lower-level employees who actually 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 6
4 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 related to internal control| Correct Answer:|    reportable conditions related to internal control|

| | | |
Question 7
0 out of 4 points
| |
| Government Auditing Standards characterizes government engagements into which of the following three categories?Answer | | | | | | |
Correct Answer:|    financial audits, compliance audits, and performance audits|
| | |...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Chp 15 Essay
  • ACCT Essay
  • ACCT 640 QUIZ 2 Essay
  • quiz Essay
  • Government Essay
  • Acct 410 Project Essay
  • Acct 505 Essay
  • Business Chp 11 Essay

Become a StudyMode Member

Sign Up - It's Free