Typical objectives of a performance audit include
A) Determining whether financial statements fairly present the entity's operational results.
B) Judging the appropriateness of an entity's program goals.
C) Determining whether financial statements fairly present in conformity with GAAP.
D) Assessing effectiveness and results,economy and efficiency,and internal controls and compliance with laws and regulations.

Question

Quizplus · Accepted Answer

Performance audits aim to assess effectiveness and results, economy and efficiency, and internal controls and compliance with laws and regulations. Options A and C specifically refer to financial statement audits, while option B is mostly related to assessing a program's objectives and goals, which is not the primary focus of a performance audit.

Typical Objectives of a Performance Audit Include