The GAO Defines a High Quality Audit as One That

question 66

True/False

The GAO defines a high quality audit as one that is performed in accordance with generally accepted accounting principles.

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Definitions:

Purpose

The reason for which something is done or created or for which something exists.

Sampling Error

The difference between a sample statistic used to estimate a population parameter and the actual but unknown value of the parameter.

Generalizability

The extent to which findings from a study can be applied to larger populations or different contexts beyond the original study conditions.

Statistic

A numerical value that describes a sample characteristic, obtained from data analysis.