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:

Reinforcement Theory

A concept in psychology suggesting that behavior can be shaped or modified by its consequences, through rewards or punishments.

Environmental Consequences

The outcomes or impacts of actions and decisions on the natural environment, including effects on air, water, and land.

Human Behaviour

The study of how people act, interact, and respond in different environments and social setups.

Enactive Mastery

A concept from self-efficacy theory referring to gaining confidence through successfully performing a task or skill.