When Auditing an Entity's Financial Statements in Accordance with Government

question 5

Multiple Choice

When auditing an entity's financial statements in accordance with Government Auditing Standards (the "Yellow Book") ,an auditor is required to report on: I.Noteworthy accomplishments of the program.
II) The scope of the auditor's testing of internal controls.

• A)I only.
• B)II only.
• C)Both I and II.
• D)Neither I nor II.

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Definitions:

Graphical User Interface

An interface that allows users to interact with electronic devices through graphical icons and visual indicators instead of text-based command labels or text navigation.

Spreadsheet Applications

Software tools that allow users to create and manipulate grids of rows and columns for organizing, analyzing, and storing data in tabular form.

VisiCalc

The first spreadsheet computer program for personal computers, released in the late 1970s, which marked the beginning of the personal computing era.

Portable Computer

A computer designed to be easily moved from one place to another and include laptops, notebooks, and netbooks.