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The purpose of compliance audits is to test the organization's conformity with some objective standard or criteria. All of the following are attributes that contribute to an effective compliance system EXCEPT:
The __________ expand upon the Attribute and Performance Standards, providing guidance applicable in specific types of engagements. These standards ultimately may deal with industryspecific, regional, or specialty types of audit services:
____________is the Risk in any activity, regardless of the existence or effectiveness of controls. Where as ___________is the extent of uncertainty remaining after the mitigating effects of the control system are in place. The extent to which an organization has implemented controls to minimize the actual occurrence of the risk determines the vulnerability to the risk actually occurring.
There are some compensating benefits that the public sector can offer its workforce to offset the generally higher salaries available in the private sector.62 .These can include all of the following EXCEPT:
The mission of the _________is to establish and improve standards of state and local
governmental accounting and financial reporting that will result in useful information for users of financial reports, and guide and educate the public, including issuers, auditors, and users of those financial reports. ___________establishes new requirements for the annual financial reporting for state and local government.
