Which of the Following Is NOT a Key Difference Between

question 40

Multiple Choice

Which of the following is NOT a key difference between financial and performance audits?

• A)Financial statement audits focus on the entity as a whole whereas performance audits generally focus on a specific program or activity.
• B)Financial statement audits generally are conducted annually whereas performance audits generally are conducted irregularly.
• C)Financial statement audits are conducted using very well defined standards whereas performance audits are conducted without reference to any standards. Specialists in accounting generally conduct financial statement audits whereas performance audits may require more program-specific knowledge and fewer accounting skills.d)

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Definitions:

Air Pressure Regulator

A device that maintains a constant output air pressure regardless of variations in input pressure and flow requirements.

Pneumatics

The technology or method of using pressurized air to effect mechanical motion or control systems.

RoadRanger

A range of heavy-duty manual transmissions found in large trucks, known for their durability and performance.

Transmission Gear Ratios

The ratio of the gears in a transmission that dictate how much power is transmitted from the engine to the wheels.