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Acct 410 Government and Not for Profit Chp 11-15 Quiz

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Acct 410 Government and Not for Profit Chp 11-15 Quiz
Question 1
4 out of 4 points | | | Federal funds must be used only for activities that are within the scope of the grant would be a(n)Answer | | | | | Selected Answer: | allowable activity | Correct Answer: | allowable activity | | | | |
Question 2
0 out of 4 points | | | In reporting the results of a performance audit, it is appropriate for the auditors toAnswer | | | | | | | Correct Answer: | all of the above. | | | | |
Question 3
4 out of 4 points | | | Which of the following is a Yellow Book standard in respect to independence?Answer | | | | | Selected Answer: | auditors should not audit their own work | Correct Answer: | auditors should not audit their own work | | | | |
Question 4
4 out of 4 points | | | The Yellow Book’s general standards are issued by theAnswer | | | | | Selected Answer: | GAO | Correct Answer: | GAO | | | | |
Question 5
4 out of 4 points | | | In discerning the objectives of a program to be audited, the auditors should give the least credibility toAnswer | | | | | Selected Answer: | comments by the lower-level employees who actually depend on the program for their livelihoods. | Correct Answer: | comments by the lower-level employees who actually depend on the program for their livelihoods. | | | | |
Question 6
4 out of 4 points | | | Which of the following is not reported upon in the Schedule of Findings and Questioned Costs?Answer | | | | | Selected Answer: | reportable conditions related to internal control | Correct Answer: | reportable conditions related to internal control | | | | |
Question 7
0 out of 4 points | | | Government Auditing Standards characterizes government engagements into which of the following three categories?Answer | | | | | | | Correct Answer: | financial audits, compliance audits, and performance audits |
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