In addition to the audit of financial statements, comprehensive governmental auditing may also include audits of efficiency, effectiveness, and ________.
A) fraud
B) accuracy
C) economy
D) adequacy

Question

Quizplus · Accepted Answer

Comprehensive governmental auditing may include audits of efficiency, effectiveness, and economy in addition to the audit of financial statements. Efficiency audits assess whether the government is using its resources in the most productive way possible. Effectiveness audits assess whether the government's programs and policies are achieving their intended goals. Economy audits assess whether the government is acquiring and using resources in the most efficient and cost-effective manner possible. Fraud and accuracy are also important areas to audit, but they are not the only aspects of comprehensive governmental auditing.

In Addition to the Audit of Financial Statements, Comprehensive Governmental