The Following Are Key Terms in Chapter 12 That Relate

question 47

Short Answer

The following are key terms in Chapter 12 that relate to auditing of governmental and not-for-profit organizations:
A.Attestation engagement
B.Generally accepted auditing standards (GAAS)
C.Opinion units
D.Materiality
E.Financial audit
F.Generally accepted government auditing standards (GAGAS)
G.Nonaudit work
H.Performance audits
For each of the following definitions,indicate the key term from the list above that best matches by placing the appropriate letter in the blank space next to the definition.

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Definitions:

Skewed Distribution

A type of distribution in which data points are not symmetrically distributed around the mean, typically tilting to the left (negatively skewed) or to the right (positively skewed).

Deviations

Differences between observed values and the average of those values, indicating the spread of a dataset.

Observations

Data collected or measured from a study or experiment, representing individual points of information gathered.

Average Score

The term "average score" refers to the mean score obtained by dividing the total sum of all scores by the number of scores.