Which of the Following Is the Least Important Consideration for a Governmental

question 90

Multiple Choice

Which of the following is the least important consideration for a governmental auditor who needs to be objective when auditing and reporting on an agency's achievement of program goals?

• A) Measure the actual output results of agency activities.
• B) Compare the agency's actual output results to quantitative goal standards.
• C) Perform a comprehensive review of management controls.
• D) Determine quantitative standards that describe goals the agency was supposed to achieve.

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Definitions:

Shoeleather Costs

The resources wasted when inflation encourages people to reduce their money holdings.

Money Holdings

The amount of cash or liquid assets that a person or entity possesses at any given time.

Money Supply

The whole amount of money resources available in an economy at a given interval.

Equilibrium Value

The price or point at which supply and demand for a good or service are equal, leading to market stability.