Audits of state and local governments may be performed by all of the following except:
A) Independent CPAs.
B) State audit agencies.
C) Federal grantor agencies.
D) The Office of Management and Budget (OMB).

Question

Quizplus · Accepted Answer

The Office of Management and Budget (OMB) is responsible for overseeing the performance of federal agencies and administering the federal budget, but it does not directly perform audits of state and local governments. Audits are typically conducted by independent CPAs, state audit agencies, and federal grantor agencies to ensure compliance and financial integrity.

Audits of State and Local Governments May Be Performed by All