Typical Objectives of a Performance Audit Include

question 48

Multiple Choice

Typical objectives of a performance audit include

• A) Determining whether financial statements fairly present the entity's operational results.
• B) Judging the appropriateness of an entity's program goals.
• C) Determining whether financial statements fairly present in conformity with GAAP.
• D) Assessing effectiveness and results,economy and efficiency,and internal controls and compliance with laws and regulations.

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Definitions:

Outside Consultants

Experts hired from outside an organization to provide specialized advice or services, often in areas such as management, strategy, or labor relations.

Employers' Campaigns

Organized efforts by employers, often aimed at influencing public opinion, employee behavior, or legislative outcomes in favor of the employer's interests.

Lawyers

Legal professionals who advise and represent individuals, businesses, and government agencies on legal issues and disputes.

Recognition Strike

A work stoppage by employees to compel an employer to recognize their union as the official bargaining agent.