Program audits do not include determining
A) The extent to which the desired results or benefits established by the legislature are being achieved.
B) The effectiveness of organizations, programs, activities, or functions.
C) Whether the agency has complied with laws and regulations applicable to the program.
D) Whether the financial statements of an audited entity fairly present the financial position in accordance with GAAP.

Question

Quizplus · Accepted Answer

Program audits do not involve determining whether the financial statements of an audited entity fairly present the financial position in accordance with Generally Accepted Accounting Principles (GAAP). This type of audit is part of a financial statement audit, which is not the same as a program audit. The other options - A, B, and C - accurately describe the scope of a program audit.

Program Audits Do Not Include Determining