Match Seven of the Terms (A-O)with the Descriptions/definitions Provided Below

question 32

Short Answer

Match seven of the terms (a-o)with the descriptions/definitions provided below (1-7):
a.Compliance audit
b.Economy and efficiency audit
c.Effectiveness
d.Efficiency
e.Functional audit
f.Government Auditing Standards
g.Government audit
h.Institute of Internal Auditors
i.Operational auditing
j.Organizational audit
k.Program audit
l.Single Audit Act
m.Special assignment
n.IIA Practice Standards
o.Statements on Internal Auditing Standards
________ 1.The official title of the Yellow Book.
________ 2.A management request for an operational audit for a specific purpose,such as investigating the possibility of fraud in a division or making recommendations for reducing the cost of a manufactured product.
________ 3.A government audit to determine whether an entity is acquiring,protecting,and using its resources economically and efficiently and whether the entity has complied with laws and regulations concerning such matters.
________ 4.The degree to which the organization's objectives are accomplished.
________ 5.The review of an organization for efficiency and effectiveness.
________ 6.Federal legislation that provides for a single coordinated audit to satisfy the audit requirements of all federal funding agencies.
________ 7.Statements issued by the Internal Auditing Standards Board of the IIA to provide authoritative interpretation of the IIA Practice Standards.

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Definitions:

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure consistency and correctness.

Cancelled Checks

Checks that have been processed by the bank, serving as proof of payment or transaction.

Prenumbered Documents

Documents that are sequentially numbered in advance, used to ensure completeness and to prevent fraud or duplication.

Approving Payment

The process of confirming that an invoice or bill can be paid, often involving verification that the amount is correct and the goods or services were received.