The Definition of Performance Audits Does Not Include

question 31

Multiple Choice

The definition of performance audits does not include

• A) Economy audits.
• B) Efficiency audits.
• C) Financial audits.
• D) Program audits.

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Definitions:

Bondholders

Investors who own bonds issued by corporations or governments, entitled to receive interest payments and the principal amount upon maturity.

Creditors

Individuals or institutions that lend money or extend credit to others, expecting repayment in the future with possible interest.

Money Market Instruments

Short-term debt securities issued by financial institutions, companies, and governments.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.