Question: 29. T/F. Only Comprehensive and Value-for-Money audits are true performance audits. 30. T/F. GAO stands for Government Accounting Office. 31. T/F. GAO is the champion

29. T/F. Only Comprehensive and Value-for-Money audits are true performance audits.

30. T/F. GAO stands for Government Accounting Office.

31. T/F. GAO is the champion of Value-for-money audit because it belongs to INTOSAI.

33. T/F. Like the private sector, the external audit report is addressed to the citizens whereas private sector addresses the audit report to the shareholders.

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