A GAO Audit Report Entitled Aviation Safety: Safer Skies Initiative

question 52

Multiple Choice

A GAO audit report entitled Aviation Safety: Safer Skies Initiative Has Taken Initial Steps to Reduce Accident Rates by 2007 is most likely a report based on work the auditors performed during a

• A)financial statement audit.
• B)compliance audit of air safety regulations.
• C)performance audit of program goal achievement.
• D)performance audit of air control regulation effectiveness.

---

Definitions:

Weakening

A term often used to describe a decline in the strength or value of an asset or currency.

Portfolio Investment

Investments in a variety of financial assets, such as stocks, bonds, and commodities, to diversify risks.

Direct Investment

Refers to buying and holding a significant amount of interest in a foreign company or investing in a manner that grants control over the operations and management.

Securities

Securities that signify ownership in a company listed on the stock market, a debt owed by a corporation or government entity (bonds), or entitlements to ownership through options.