There Are Several Sources That the Performance Auditor Can Utilise

question 82

Multiple Choice

There are several sources that the performance auditor can utilise in developing specific evaluation criteria. An area that would NOT be such a source is:

• A) discussion and agreement between the management of the entity to be audited, the operational auditor and the entity or persons to whom the findings will be reported.
• B) benchmarking, such as the data of comparable entities.
• C) generally accepted accounting principles.
• D) historical performance, such as results from prior periods.

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Definitions:

Freely Interacting

Pertains to the unhindered and spontaneous exchange of ideas, information, or social behaviors among individuals or groups.

Popular Demand

A large request from the public for a specific good, service, or action.

Formal Groups

Organized groups within a workplace or organization created to achieve specific objectives or tasks, characterized by structured communication and clear roles.

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.