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

question 14 kayoed of 4 points Federal coin must be used only for activities that are within the mise en scene of the grant would be a(n) break up Selected reception allowable activity catch up with say allowable activity incredulity 20 out of 4 points In reporting the results of a performance audit, it is appropriate for the meeters to serve up ameliorate Answer all of the above. Question 34 out of 4 points Which of the hobby is a Yellow take hold standard in respect to emancipation?Answer Selected Answer auditors should not audit their own work Correct Answer auditors should not audit their own work Question 44 out of 4 points The Yellow Books superior general standards are issued by theAnswer Selected Answer GAOCorrect Answer GAO Question 54 out of 4 points In discerning the objectives of a computer program to be audited, the auditorsshould give the least credibility toAnswer Selected Answer comments by the lower-level employee s who very depend on the program for their livelihoods. Correct Answer comments by the lower-level employees who really depend on the program for their livelihoods. Question 64 out of 4 points Which of the following is not reported upon in the Schedule of Findings and Questioned cost?Answer Selected Answer reportable conditions related to internal control Correct Answer reportable conditions related to internal control Question 70 out of 4 points Government Auditing Standards characterizes government engagements into which of the following deuce-ace categories?Answer Correct Answer financial audits, compliance audits, and performance audits Question 84 out of 4 points The process of specifically enjoin federal funds to a particular program is calledAnswer Selected Answer earmarkingCorrect Answer earmarking Question 94 out of 4 points Government Auditing Standards must be adhered to in all financial audits bar ofAnswer Selected Answer public corpo rationsCorrect Answer public corporations Question 100 out of 4 points The purpose of this is to avoid duplication of efforts in conducting governmental auditsAnswer Correct Answer Single Audit flake Question 114 out of 4 points This law requires that the wages of laborers and mechanics employed by the contractors of federally funded projects be paid at rife local wage rates.Answer Selected Answer Davis-Bacon ActCorrect Answer Davis-Bacon Act Question 124 out of 4 points Which of the following statements is inaccurate about GAO standards pertaining to performance audits?Answer Selected Answer The GAO mandates that programs be audited annually by accounting trained professionals Correct Answer The GAO mandates that programs be audited annually by accounting trained professionals Question 134 out of 4 points Which of the following is not a General Auditing Standard for financial audits?Answer Selected Answer financial constancyCorrect Answer finan cial stability Question 144 out of 4 points Per the GAO standards, an auditors working papers mustAnswer Selected Answer contain sufficient information to incite an auditor having no previous connection with the audit that the evidence supports the auditors conclusions and judgments Correct Answer contain sufficient information to induce an auditor having no previous connection with the audit that the evidence supports the auditors conclusions and judgments Question 150 out of 4 points principally accepted government auditing standards (GAGAS) refers to standards incorporated inAnswer Correct Answer the Yellow Book and the AICPAs Professional Standards Sunday, June 17, 2012 64352 PM EDT