Which of the following is not part of a financial audit?
A) Forming judgments about internal controls
B) Testing compliance with laws and regulations
C) Providing an opinion on compliance with GAAP
D) Assessing the degree to which program objectives have been met

Question

Quizplus · Accepted Answer

Forming judgments about internal controls, testing compliance with laws and regulations providing an opinion on compliance with GAAP are all part of a financial audit. Assessing the degree to which program objectives have been met would be categorized as service and efforts and accomplishments reporting. Service Efforts and Accomplishments Reporting includes measures of service inputs, outputs and outcomes and are not audited.

Which of the Following Is Not Part of a Financial