Describe the Different Types of Governmental Audit and Attestation Engagements

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The Answer is (a)Financial audits primarily concern providing reasonable assurance about whether financial statements are presented fairly in all material respects in conformity with generally accepted accounting principles or with a comprehensive basis of accounting other than GAAP.
(b)Attestation engagements concern examining,reviewing,or performing agreed upon procedures on a subject matter or an assertion about a subject matter and reporting on the results.… Attestation engagements can cover a broad range of financial or nonfinancial objectives and can be part of a financial audit or other type of engagement.
(c)Performance audits are an objective and systematic examination of evidence to provide an independent assessment of the performance and management of a program against objective criteria or an assessment of best practices and other information. Performance audits provide information to improve program operations and facilitate decision making by parties with responsibility to oversee or initiate corrective action,and improve public accountability.
(d)Nonaudit services consist of gathering,providing,or explaining information requested by decision makers or providing advice or assistance to management officials.

Describe the Different Types of Governmental Audit and Attestation Engagements

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Describe the Different Types of Governmental Audit and Attestation Engagements

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