PA Involvement in an Expanded-Scope Audit. A public accounting firm has beenengaged to audit a local food distribution program funded by the U.S. Department of Agriculture. The engagement is to encompass both financial and performance audits that constitute the expanded scope of a GAGAS audit and is to be conducted in accordance with theaudit standards published by the Government Accountability Office (GAO).Required:a. The accountants should perform sufficient audit work to satisfy the financial and compliance element of GAGAS. What is the objective of such audit work? (Hint: Go to theGenerally Accepted Government Auditing Standards at www.gao.gov.)b. The accountants should be aware of general and specific kinds of uneconomical or inefficient practices in such a program. What are some examples?c. What might be some standards and sources of standards for judging program results?
PA Involvement in an Expanded-Scope Audit. A public accounting firm has been
engaged to audit a local food distribution program funded by the U.S. Department of Agriculture. The engagement is to encompass both financial and performance audits that constitute the expanded scope of a GAGAS audit and is to be conducted in accordance with the
audit standards published by the Government Accountability Office (GAO).
Required:
a. The accountants should perform sufficient audit work to satisfy the financial and compliance element of GAGAS. What is the objective of such audit work? (Hint: Go to the
Generally Accepted Government Auditing Standards at www.gao.gov.)
b. The accountants should be aware of general and specific kinds of uneconomical or inefficient practices in such a program. What are some examples?
c. What might be some standards and sources of standards for judging program results?
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