Which of the Following Is a Function of a Specific

question 63

Multiple Choice

Which of the following is a function of a specific program audit?

• A) To review regulatory compliance, benefits administration, and reporting
• B) To check recordkeeping on state and federal documentation requirements
• C) To review particular HR subareas such as compensation, equal employment opportunity, or training
• D) To review compliance with immigration regulations and the I-9 form requirement

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Definitions:

Nonquantifiable Economic Events

Economic activities or occurrences that cannot be precisely measured or valued in numerical terms.

Financial Reports

Documents that communicate an organization's financial status to stakeholders, including income statements, balance sheets, and cash flow statements.

Special Memos

Documents used within an organization to communicate unique or unusual transactional information that doesn't fit the regular documentation processes.

External Users

Individuals or entities outside of a company who have an interest in the financial information of that company, such as investors, creditors, and regulatory agencies.