Which of the following statements is a standard applicable to financial statement audits in accordance with government auditing standards?
A)Assess whether the entity has reportable measures of economy and efficiency that are valid and reliable.
B)Report on the scope of the auditor's testing of internal controls.
C)Briefly describe in the auditor's report the method of statistical sampling used in performing tests of controls and substantive tests.
D)Determine the extent to which the entity's programs achieve the desired level of results.

Question

Quizplus · Accepted Answer

Option A pertains to Performance audits, Option C pertains to Sampling in Auditing-General standards, and Option D pertains to Program audits. However, reporting on the scope of testing internal controls is a standard applicable to financial statement audits in accordance with government auditing standards.

Which of the Following Statements Is a Standard Applicable to Financial