Exam 13: Auditing, Tax-exempt Organizations, and Evaluating Performance

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Government Auditing Standards identify four categories of professional engagements: financial audits, performance audits, and nonaudit services but not attestation engagements.

(True/False)

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Question 161

The term "opinion unit" refers to which of the following:

(Multiple Choice)

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Question 162

Government Auditing Standards are issued by the U.S. Government Accountability Office GAO.

(True/False)

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Question 163

Which of the following is a governmental audit that is concerned with examining, reviewing, or performing agreed upon procedures on a subject matter of an assertion and reporting on the results?

(Multiple Choice)

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Question 164

Service Efforts and Accomplishments Reporting is mandatory for government organizations.

(True/False)

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Question 165

Service Efforts and Accomplishments Reporting is intended to communicate information about the effectiveness of governmental services.

(True/False)

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Question 166

The Single Audit Act is intended to provide assurance to the federal government that federal funds are protected through a system of internal controls and sound financial management practices.

(True/False)

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Question 167

Which of the following conditions would exempt income-producing activities from the Unrelated Business Income Tax UBIT?

(Multiple Choice)

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Question 168

Churches must file a Form 990.

(True/False)

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Question 169

Which of the following are not required disclosures in a Form 990?

(Multiple Choice)

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Question 170

Showing 161 - 170 of 170

Government Auditing Standards identify four categories of professional engagements: financial audits, performance audits, and nonaudit services but not attestation engagements.

The term "opinion unit" refers to which of the following:

Government Auditing Standards are issued by the U.S. Government Accountability Office GAO.

Which of the following is a governmental audit that is concerned with examining, reviewing, or performing agreed upon procedures on a subject matter of an assertion and reporting on the results?

Service Efforts and Accomplishments Reporting is mandatory for government organizations.

Service Efforts and Accomplishments Reporting is intended to communicate information about the effectiveness of governmental services.

The Single Audit Act is intended to provide assurance to the federal government that federal funds are protected through a system of internal controls and sound financial management practices.

Which of the following conditions would exempt income-producing activities from the Unrelated Business Income Tax UBIT?

Churches must file a Form 990.

Which of the following are not required disclosures in a Form 990?

Introduction to Accounting and Financial Reporting for Governmental and Not-For-Profit Organizations

Overview of Financial Reporting for State and Local Governments

Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority

Accounting for the General and Special Revenue Funds

Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent

Proprietary Funds

Fiduciary Funds, Interfund Transactions

Government-Wide Statements: Capital Assets; Long-Term Debt

Advanced Topics for State and Local Governments

Accounting for Private Not-For-Profit Organizations

College and University Accounting

Accounting for Hospitals and Other Health Care Providers

Financial Reporting by the Federal Government

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