Government Auditing Standards,published in a Document Called the Yellow Book,incorporate

question 112

Multiple Choice

Government Auditing Standards,published in a document called the Yellow Book,incorporate the AICPA standards and provide extensions that are necessary due to the unique nature of public entities. Which of the following is not one of the extensions?

• A) Higher materiality thresholds than in the private sector.
• B) Public availability of audit reports.
• C) Written evaluation of internal controls.
• D) Requirement that auditors have knowledge of government accounting and auditing.

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Definitions:

Action Orientation

A personality trait or behavior characterized by proactive decision-making and initiative-taking in facing tasks or challenges.

Coordination

The act of organizing and aligning different elements or activities of an organization to ensure they work together effectively towards a common goal.

One-time Activities

One-time activities refer to tasks or events that occur only once and are not repeated, often used in project planning and management.

Projects

Initiatives or plans undertaken to achieve a specific goal, often involving a series of tasks or operations.