Audits of State and Local Governments May Be Performed by All

question 21

Multiple Choice

Audits of state and local governments may be performed by all of the following except:

• A) Independent CPAs.
• B) State audit agencies.
• C) Federal grantor agencies.
• D) The Office of Management and Budget (OMB).

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Definitions:

Investor

An individual or organization that puts money into financial schemes, shares, or property with the expectation of achieving a profit.

Big Markets

Broad and expansively defined industry sectors or customer bases where businesses seek to operate and grow.

VCs

Venture Capitalists, investors who provide capital to startups and small businesses with long-term growth potential in exchange for equity, or an ownership stake.

Great Teams

Groups of individuals working collaboratively towards a common goal, characterized by effective communication, mutual respect, and shared leadership.