GAO

Question 1

What does the acronym “GAO” stand for?

Answer 1

Government Accountability Office

Question 2

What does the acronym “AO” stand for?

Answer 2

Auditing organization

Question 3

List the types of audit impairments that are the focus of the Government Accountability Office.

Answer 3

1. )Personal impairments
2. )External impairments
3. )Organizational impairments

Question 4

What audits do the Government Accountability Office guidelines apply to?

Answer 4

Of:

1. )Government entities
2. )Entities that receive government grants

Question 5

What requirements does the Government Accountability Office outline regarding the assessing of impact that nonaudit services have on the audit?

Answer 5

1. )Auditing organizations must not provide nonaudit services that involve performing management functions or making management decisions.nd
2. )Auditing organizations must not audit their own work or provide nonaudit services in cases where the nonaudit services are significant to the subject matter of the audit.

Question 6

What general issues do the Government Accountability Office address?

Answer 6

1. )Independence
2. )Ethical principles
   
   • Public interest
   • Integrity
   • Objectivity
3. )Proper use of government information, resources, and position
4. )Professional behavior