Question: The GAO reporting standards for performance audits state that each report should include recommendations for action to correct the problem areas and to improve operations,

 The GAO reporting standards for performance audits state that each report

The GAO reporting standards for performance audits state that each report should include "recommendations for action to correct the problem areas and to improve operations," For example, an audit of the Washington Metropolitan Area Transit Authority found management decision deficiencies affecting some $230 million in federal funds. The GAO auditors recommended that the transit authority could improve its management control over rail car procurement through better enforcement of contract requirements and development of a master plan to test cars. Suppose the transit authority accepted and implemented specific recommendations made by the 6AO auditors. Required: Do you believe these events would be enough to Impair the independence of the GAO auditors in a subsequent audit of the transit authority? Yes No

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!