Question: Why do you think GAGAS reporting standards permit performance audit
Why do you think GAGAS reporting standards permit performance audit reports to include the views of responsible officials concerning the auditors’ findings, conclusions, and recommendations?
Answer to relevant QuestionsWhy is prosecution of fraud perpetrators generally a good idea?Define the terms precision ( allowance for sampling risk), reliability ( confidence), and precision interval.Auditors consider statistical sampling to be characterized by the following: a. Representative sample selection and nonmathematical evaluation of the results. b. Carefully biased sample selection and mathematical evaluation ...Which of the following is appropriately used for statistical samplingapplications?The audit team will choose to reduce the reliance on controls if the _____ is greater than the _____ a. Tolerable rate of deviation; upper limit rate of deviation. b. Upper limit rate of deviation; tolerable rate of ...
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