Which of the following is not true about the major differences in the scope of audit responsibilities for CPAS, GAO auditors, IRS agents, and internal auditors? CPAS perform audits of financial statements of private and public companies prepared in accordance with U.S. or international auditing standards. GAO auditors perform compliance or operational audits in order to assure the B government of the expenditure of public funds in accordance with its directives and the law. IRS agents perform compliance audits to enforce the federal tax laws as defined by the government, interpreted by the courts, and regulated by the IRS.

Which of the following is not true about the major differences in the scope of audit responsibilities for CPAS, GAO auditors, IRS agents, and internal auditors? CPAS perform audits of financial statements of private and public companies prepared in accordance with U.S. or international auditing standards. GAO auditors perform compliance or operational audits in order to assure the B government of the expenditure of public funds in accordance with its directives and the law. IRS agents perform compliance audits to enforce the federal tax laws as defined by the government, interpreted by the courts, and regulated by the IRS.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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