Governments and Not-For-Profit Entities May Be Subject to Each of the Following

question 60

Multiple Choice

Governments and not-for-profit entities may be subject to each of the following levels of audit except:

• A) Requirements under AICPA generally accepted auditing standards.
• B) Requirements under GAO generally accepted governmental auditing standards.
• C) Requirements under OMB compliance standards.
• D) Requirements under the Single Audit Act.

---

Definitions:

Delusion

A strongly held belief that is clearly in contradiction with reality, often indicative of a psychological disorder.

Suspicion

The feeling or belief that someone is guilty of an illegal, dishonest, or unpleasant action without certain proof.

Obsession

A persistent, intrusive, and unwanted thought or urge that causes anxiety or distress.

Adaptive Coping Skills

Strategies and techniques that individuals use to manage stressful situations or emotions in a healthy and constructive manner.