The Following Are Key Terms in Chapter 11 That Relate

question 64

Short Answer

The following are key terms in Chapter 11 that relate to auditing of governmental and not-for-profit organizations:
A. Attestation engagement
B. Generally accepted auditing standards (GAAS)
C. Opinion units
D. Materiality
E. Financial audit
F. Generally accepted government auditing standards (GAGAS)
G. Performance audits
For each of the following definitions,indicate the key term from the list above that best matches by placing the appropriate letter in the blank space next to the definition.
_____ 1. A process that culminates in an opinion that financial statements present fairly an entity's financial position and results of operations in conformity with GAAP
_____ 2. An auditor's judgment as to the level at which the quantitative or qualitative effects of misstatements will have a significant impact on user's evaluations
_____ 3. Standards prescribed by the AICPA to provide guidance for planning,conducting,and reporting on audits by CPAs
_____ 4. Professional services related to internal control,compliance,MD&A presentation,allowability and reasonableness of proposed contract amounts,final contract costs,and reliability of performance measures
_____ 5. Units of the government on which the auditor expresses an opinion (e.g.,governmental activities,each major governmental fund,etc.)

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Definitions:

Libido

The term used to describe sexual drive or desire, which can be influenced by biological, psychological, and social factors.

Freud

Sigmund Freud, an Austrian neurologist who founded the discipline of psychoanalysis and made significant contributions to psychology.

Genital Stage

In psychoanalytic theory, the final stage of psychosexual development, typically beginning at puberty, where sexual interests mature into adult genital sexuality.

Personality States

Specific, temporary modes of behavior, thought, or emotion that can vary significantly from a person's usual baseline, influenced by situations or internal changes.