Auditors on staff in the Office of the Auditor General of Canada (OAG)are considered to be external auditors with respect to the government agencies they audit because the OAG is ________.
A)organizationally independent
B)the accounting and auditing agency of the Canadian Senate
C)funded by private investors
D)guided by standards similar to GAAS

Question

Quizplus · Accepted Answer

Auditors on staff in the Office of the Auditor General of Canada (OAG) are considered to be external auditors because the OAG is organizationally independent from the government agencies it audits. This independence ensures that the auditors are able to provide objective and unbiased assessments of the financial statements and operations of the agencies they audit. Additionally, the OAG follows auditing standards that are similar to Generally Accepted Auditing Standards (GAAS) to ensure the quality and reliability of their audit work.

Auditors on Staff in the Office of the Auditor General