Which of the following would NOT be a source that the performance auditor can utilise in developing specific evaluation criteria?
A) discussion and agreement between the management of the entity to be audited, the operational auditor, and the entity or persons to whom the findings will be reported
B) generally accepted accounting principles
C) benchmarking, such as the data of comparable entities
D) historical performance, such as results from prior periods

Question

Quizplus · Accepted Answer

Generally accepted accounting principles are accounting standards that are mandatory to be followed and cannot be used as a source to develop evaluation criteria as they are already established guidelines. The other options, including discussion and agreement between management, operational auditor, and reporting entity or persons, benchmarking with comparable entities, and historical performance from prior periods can be utilised to develop specific evaluation criteria.

Which of the Following Would NOT Be a Source That