Financial statement audits of state and local governments are normally performed by internal auditors.

Question

Quizplus · Accepted Answer

Financial statement audits of state and local governments are typically conducted by external auditors who are independent from the government entity being audited to ensure impartiality and accuracy of the audit results. Internal auditors may perform internal audits of government entities, but they do not generally perform financial statement audits.

Financial Statement Audits of State and Local Governments Are Normally