In Addition to the Audit of Financial Statements,governmental Auditing May

question 25

Multiple Choice

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

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

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Definitions:

Disruptive Innovation

An innovation that significantly alters the way that businesses operate, often displacing established market leaders and creating new industry standards.

Gaming Console

An electronic device designed specifically for playing video games that connects to a display device like a television.

Sales Increased

A situation where the number of products sold or services provided by a company grows over a specific period.

Human Sustainability

The practice of ensuring human rights, well-being, and equitable opportunities are maintained for future generations.