ACCT 4421 Ch 11 & 12 HW Questions and
Answers Graded A+
The increase in data availability has allowed governments to
A. Post large datasets online.
B. Increase the use of performance measures.
C. Facilitate fiscal transparency.
D. All of the given statements are true. D. All of the given statements are true.
Which of the following does not represent a performance measurement group under the balanced
scorecard?
A. Customer.
B. Internal business processes.
C. Economy and efficiency.
D. Learning and growth. C. Economy and efficiency.
Governments that choose to report service efforts and accomplishments (SEA) May refer
to guidance provided by the GASB, the AGA, or other professional organizations.
, Under the hierarchy of GAAP for a state and local government, which of the following has the
highest level of authority?
A. AICPA literature if specifically made applicable to state and local governments by the AICPA
(and cleared by the GASB).
B. GASB Technical Bulletins.
C. GASB Implementation Guides.
D. All of the given items have equal authority.
A government audit opinion is expressed for Specified opinion units.
As executive director of a small not-for-profit, Paula Pascal has engaged an auditor to assess the
cash receipts process for donations. The objective is to obtain recommendations, rather than an
opinion or conclusion. This type of engagement is called A performance audit.
The GAGAS conceptual framework for independence should be employed Prior to
accepting a nonaudit service engagement at an audited entity.
Answers Graded A+
The increase in data availability has allowed governments to
A. Post large datasets online.
B. Increase the use of performance measures.
C. Facilitate fiscal transparency.
D. All of the given statements are true. D. All of the given statements are true.
Which of the following does not represent a performance measurement group under the balanced
scorecard?
A. Customer.
B. Internal business processes.
C. Economy and efficiency.
D. Learning and growth. C. Economy and efficiency.
Governments that choose to report service efforts and accomplishments (SEA) May refer
to guidance provided by the GASB, the AGA, or other professional organizations.
, Under the hierarchy of GAAP for a state and local government, which of the following has the
highest level of authority?
A. AICPA literature if specifically made applicable to state and local governments by the AICPA
(and cleared by the GASB).
B. GASB Technical Bulletins.
C. GASB Implementation Guides.
D. All of the given items have equal authority.
A government audit opinion is expressed for Specified opinion units.
As executive director of a small not-for-profit, Paula Pascal has engaged an auditor to assess the
cash receipts process for donations. The objective is to obtain recommendations, rather than an
opinion or conclusion. This type of engagement is called A performance audit.
The GAGAS conceptual framework for independence should be employed Prior to
accepting a nonaudit service engagement at an audited entity.
