Government Auditing Standards characterizes government engagements into which of the following three categories?

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Government Auditing Standards categorizes government engagements into three categories: financial audits, compliance audits, and performance audits. Financial audits examine the reasonableness of the financial statements, compliance audits examine whether the auditee is following laws and regulations, and performance audits examine programs, activities, and functions to determine if they are achieving their objectives efficiently, effectively, and with integrity. Option B is incorrect because operational audits are not one of the categories defined by the Government Auditing Standards. Option C is incorrect because attest engagements are not one of the categories defined by the Government Auditing Standards. Option D is incorrect because efficiency and effectiveness audits are part of performance audits, which are already included in option A.

Government Auditing Standards Characterizes Government Engagements into Which of the Following