Generally Accepted Government Auditing Standards (GAGAS) Require That Auditors Conducting

question 65

True/False

Generally accepted government auditing standards (GAGAS) require that auditors conducting a GAGAS audit complete at least 80 hours of continuing professional education (CPE) that directly contributes to the auditor's professional proficiency to perform such audit work.

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Definitions:

Positive Variance

A term used in accounting and finance indicating that actual revenues are higher than forecasted or budgeted revenues, or expenses are lower than expected.

Negative Variance

A situation where actual results are worse than expected or budgeted results, often used in financial or operational contexts.

SBAR

A communication method used in healthcare to ensure clear and concise information exchange; it stands for Situation, Background, Assessment, Recommendation.

Discharge Summary

A document that outlines a patient's hospital stay, treatment given, and instructions for follow-up care upon discharge from a hospital or clinic.