Some of the auditing issues and standards used by auditors of governmental and not-for-profit entities are unique to the public sector.

Question

Quizplus · Accepted Answer

Auditors of governmental and not-for-profit entities must adhere to specific auditing standards and regulations set by the Government Accountability Office (GAO) and the American Institute of Certified Public Accountants (AICPA). These standards and regulations are unique to the public sector and are designed to ensure transparency and accountability in the use of public funds.

Some of the Auditing Issues and Standards Used by Auditors