Performance audits of a tax-exempt organization are undertaken to assess which of the following?
A) Internal controls as they relate to program management and reporting.
B) Compliance with legal requirements and other program matters.
C) Economy and efficiency.
D) All of the above.

Question

Quizplus · Accepted Answer

Performance audits of a tax-exempt organization are designed to assess all of the options listed in the question. The audit will review the organization's internal controls as they relate to its programs, ensuring that it meets legal requirements and other relevant program matters, and checks for economy and efficiency in their operations. Hence, option D is the correct answer.

Performance Audits of a Tax-Exempt Organization Are Undertaken to Assess