What Are the Major Types of Audits and Audit Engagements

question 25

Essay

What are the major types of audits and audit engagements described in the Government Accountability Office's Government Auditing Standards or generally accepted government auditing standards (GAGAS), and how do they differ?

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Definitions:

Criminal Penalties

Punishments imposed for violations of criminal law, which may include fines, imprisonment, probation, and other sanctions.

Environmental Impact Statement

A document prepared to describe the effects proposed projects will have on the environment and communities.

Federal Agency

A division of the United States government created by Congress to perform a specific function or set of functions.

Point Sources

Specific, identifiable origins from which pollutants are discharged into the environment.