This quiz consist of 15 multiple choice questions and covers the material in Chapter 14. Be sure you are in Chapter 14 when you take the quiz.
• Question 1
This law requires that the wages of laborers and mechanics employed by the contractors of federally funded projects be paid at prevailing local wage rates.
• Question 2
Government Auditing Standards characterizes government engagements into which of the following three categories?
• Question 3
‘‘Generally accepted government auditing standards’’ (GAGAS) refers to standards incorporated in
• Question 4
Which of the following is a Yellow Book standard in respect to independence?
• Question 5
Government Auditing Standards must be adhered to in all financial audits except of
• Question 6
The Yellow Book’s general standards are issued by the
• Question 7
Federal funds must be used only for activities that are within the scope of the grant would be a(n)
• Question 8
In reporting the results of a performance audit, it is appropriate for the auditors to
• Question 9
Per the GAO standards, an auditor’s working papers must
• Question 10
The process of specifically directing federal funds to a particular program is called:
• Question 11
Which of the following statements is incorrect about GAO standards pertaining to performance audits?
• Question 12
Auditors who perform government audits must complete 80 hours of continuing professional education every two years, of which ____ hours must be related directly to government auditing.
• Question 13
Which of the following is not a General Auditing Standard for financial audits?
• Question 14
Which of the following is not reported upon in the Schedule of Findings and Questioned Costs?
• Question 15
In discerning the objectives of a program to be audited, the auditors should give the least credibility to