Auditors Involved in Planning, Performing, or Reporting on Audits Under

question 46

Multiple Choice

Auditors involved in planning, performing, or reporting on audits under Generally Accepted Government Auditing Standards (GAGAS) must complete ________ hours of continuing professional education in each two-year period.

• A) 20
• B) 40
• C) 60
• D) 80

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Definitions:

Diseconomies of Scale

The phenomenon where an increase in production leads to higher per-unit costs, often due to inefficiencies associated with scale.

Output Units

The measurable quantities or volumes of goods or services produced by a company or industry.

Minimum Efficient Scale

The smallest scale of production where long-term average cost is minimized, helping businesses realize economies of scale.

Plant Sizes

Refers to the scale or capacity of a manufacturing facility or production unit in terms of its output or operations.