The Goal(s) of a Performance Audit Include(s) Assessment Of

question 35

Multiple Choice

The goal(s) of a performance audit include(s) assessment of:

• A) Program effectiveness.
• B) Economy.
• C) Internal control compliance.
• D) All of these choices are correct.

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Definitions:

Third Parties

Individuals or entities that are not directly involved in a transaction or agreement but may be affected by it or have interests in its outcome.

Health-Care Expenditures

The total amount of money spent on health care services and products within a country or region, including public and private spending.

Medicare

A federal health insurance program primarily for people who are 65 or older, providing coverage for hospital care, medical services, and prescription drugs.

Baby Boom Generation

Refers to the demographic cohort born approximately between 1946 and 1964, noted for its significant rise in birth rates.