Which of the following is true according to Government Auditing Standards?
A) Nonaudit services cannot be provided to a government entity that is an attest client.
B) Nonaudit services are allowed providing the audit organization does not perform management functions, make management decisions, or audit its own work.
C) Nonaudit services are allowed as long as the nature of the service is publicly disclosed and includes a statement that independence has not been compromised.
D) Nonaudit services are allowed if they have been approved by the executive body of the governing organization.

Question

Quizplus · Accepted Answer

According to Government Auditing Standards, nonaudit services are allowed as long as the audit organization does not perform management functions, make management decisions, or audit its own work. However, the audit organization must disclose the nonaudit services provided to the government entity.

Which of the Following Is True According to Government Auditing