Assuming an Auditee Is Not Considered Low-Risk, the Auditor Is

question 47

True/False

Assuming an auditee is not considered low-risk, the auditor is required to express an opinion on compliance on major programs, which must add up to 50 percent of federal funds expended by the auditee.

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Definitions:

Argyris

Refers to Chris Argyris, a pioneer in the field of organizational development, known for his work on the theory of organization behavior.

Highest Productivity

The maximum level of efficiency in which goods and services are produced with the least amount of resources in a given time period.

Principle of Specialization

A core principle that suggests individuals or organizations are more efficient and effective when they focus on a limited set of tasks or a specific area of expertise.

Classical Management Approaches

Early theories of organizational management focusing on efficiency, hierarchy, and clear division of labor.