Which of the Following Is NOT a Key Difference Between

Which of the following is NOT a key difference between financial and performance audits?

A) Financial statement audits focus on the entity as a whole while performance audits generally focus on a specific program or activity.
B) Financial statement audits are generally conducted annually while performance audits are generally are conducted irregularly.
C) Financial statement audits are conducted using very well defined standards while performance audits are conducted without reference to any standards.
D) Specialists in accounting generally conduct financial statement audits while performance audits may require more program-specific knowledge and fewer accounting skills.