GAO Performance Audit Standards Do NOT Include Which of the Following

question 8

Multiple Choice

GAO performance audit standards do NOT include which of the following?

• A) The auditor should be independent of the entity being audited.
• B) The work should be adequately planned.
• C) The auditor should prepare written work papers.
• D) The auditor should obtain an understanding of management controls relevant to the audit.

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Definitions:

Poverty Threshold

The minimum level of income deemed necessary to achieve an adequate standard of living in a specific geographical area.

Income Inequality

The uneven allocation of income among households or individuals within an economy.

World War II

A global conflict that took place between 1939 and 1945, involving most of the world's nations and resulting in significant geopolitical changes.

Poverty Rates

Indicators or measures that reflect the percentage of the population living below the national poverty line, which is often defined by the inability to afford the basic needs for living.