Under the Single Audit Act, the Required Report on Compliance

question 35

Multiple Choice

Under the Single Audit Act, the required report on compliance and on internal control over financial reporting

• A) Is based on the audit requirements of the GAO's Government Auditing Standards.
• B) Need not be issued if the auditors do not identify internal control deficiencies or instances of noncompliance.
• C) Must be countersigned by the inspector general of the cognizant agency.
• D) Should describe the scope of the auditors' testing.

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Definitions:

Unfinished Tasks

Tasks or activities that have been started but not completed, which can persist in an individual's memory and attention, often prompting a desire to resolve them.

Realistic Goals

Objectives or targets that are practical, achievable, and based on reasonable expectations.

Zeigarnik Effect

The psychological phenomenon where uncompleted or interrupted tasks are remembered better than completed ones.

Intrusive Thoughts

Unwanted thoughts, images, or urges that repeatedly enter a person’s mind, often causing significant anxiety or discomfort.