A Program Audit Would Include Which of the Following

question 51

Multiple Choice

A program audit would include which of the following?

• A) Determining if sound procurement policies are being practiced.
• B) Determining if efficient operating procedures are being used.
• C) Determining if resources are being used efficiently.
• D) Determining the factors inhibiting satisfactory performance.

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Definitions:

Selling Activities

Actions undertaken by a company to promote and sell its products or services, including advertising, sales promotions, and personal sales.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting liquidity.

GAAP Estimate

An accounting estimate made following Generally Accepted Accounting Principles guidelines.

Prior-Period Adjustment

Corrections made to an organisation’s financial statements for errors found in the financials of preceding periods.