In an Audit in Accordance with Government Auditing Standards, the Auditors

question 33

Multiple Choice

In an audit in accordance with Government Auditing Standards, the auditors are required to provide a report on:

• A) Compliance applicable to major federal programs.
• B) The Schedule of financial assistance received.
• C) Compliance with laws and regulations which are required to be tested by generally accepted auditing standards.
• D) Internal control systems used in administering federal assistance programs.

---

Definitions:

Forged Item

An item that has been fraudulently replicated or altered with the intent to deceive.

Monthly Statements

A financial report issued by a company or institution to a user or account holder, detailing the transactions and balances for a month.

Card-Skimming Device

A device illegally installed on card readers to intercept and steal card information.

Magnetic Strips

Strips of magnetic material often used on credit cards and identification cards to store data digitally for swipe access or transactions.