Question 1
List the three purposes of a program audit.
Question 2
Match seven of the terms (a-o) with the descriptions/definitions provided below (1-7).
| b. | economy and efficiency audit |
| f. | Government Auditing Standards |
| h. | Institute of Internal Auditors |
| o. | Statements on Internal Auditing Standards |
________ 1. the official title of the Yellow Book
________ 2. a management request for an operational audit for a specific purpose, such as investigating the possibility of fraud in a division or making recommendations for reducing the cost of a manufactured product
________ 3. a government audit to determine whether an entity is acquiring, protecting, and using its resources economically and efficiently and whether the entity has complied with laws and regulations concerning such matters
________ 4. the degree to which the organization's objectives are accomplished
________ 5. the review of an organization for efficiency and effectiveness
________ 6. federal legislation that provides for a single coordinated audit to satisfy the audit requirements of all federal funding agencies
________ 7. statements issued by the Internal Auditing Standards Board of the Institute of Internal Auditors (IIA) to provide authoritative interpretation of the Institute of Internal Auditors' Practice Standards
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