Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

MSB WTR10 AC 330 XM1

MSB GovNFP Unit 10 Chp 12

QuestionAnswer
Services related to internal control, compliance, MD&A presentation, allowability and reasonableness of proposed contracts amounts, final contract costs, and reliability of performance measures Attestation engagement
An audit designed to provide reasonable assurance that a government has complied with applicable laws and regulations. Compliance audit
Written agreement between an auditor and the audited entity that describes the scope of work to be completed, among other things. Engagement letter
One of the two major types of audits defined by the U.S. Government Accountability Office. Provides an auditor's opinion that financial statements present fairly an entity's financial position and results of operations in conformity with GAAP. Financial audits
A reportable condition of such magnitude that the internal control structure elements do not reduce the risk of material noncompliance to an acceptably low level. Material weakness
An auditor's judgment as to the level at which the quantitative or qualitative effects of missstatements will have a significant impact on user's evaluations. Materiality
Work that is solely for the benefit of the entity requesting the work and does not provide for a basis for conclusions, recommendations, or opinions. Nonaudit work
Provides an auditor's independent determination (not opinion) of the extent to which government officials are efficiently, economically, and effectively carrying out their responsibilities. Performance audits
An audit of one specific federal program as opposed to a single audit of the whole entity. Program-specific audit
A deficiency in internal control, or combination of deficiencies, that adversely affects the entity's ability to initiate, authorize, record, process, or report data reliably. Significant deficiency
An audit prescribed by federal law for state and local governments and not-for-profit organizations that expend federal financial assistance above a specified amount. Single audit
Created by: jennifer.scheele
Popular Accounting sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards