In Addition to the Audit of Financial Statements, Comprehensive Governmental

question 5

Multiple Choice

In addition to the audit of financial statements, comprehensive governmental auditing may also include audits of efficiency, effectiveness, and ________.

• A) fraud
• B) accuracy
• C) economy
• D) adequacy

---

Definitions:

Severance Pay

Compensation paid by an employer to an employee who has been laid off or terminated, not due to misconduct.

Reasonable Notice

The legally or contractually required period of notification before a significant change, such as termination of employment.

Common Law

Common law is a body of unwritten laws based on legal precedents established by the courts, and is used in contrast to statutory law.

Decertification Request

A formal application by employees to remove a union as their representative body.