Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

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.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
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 Chapter 12

What are the three standards that GAAS is comprised of? 1. General standards2. Standards of field work3. Standards of reporting
What is the report called that the auditing company issues after completion of their audit? Independent Auditor's Report
What year was the first edition of the Government Auditing Standards released? 1972
The letter that an auditor has with the company that they are auditing detailing all the service that will be provided is called what? Engagement Letter
What are the three types of audits and services? 1. Financial audits2. Attestation engagements3. Performance audits
How many fundamental ethical principals does GAGAS identify? Five
What major change was made in the 1996 amendments for single audit? The required audit threshold is now based on federal awards expended rather than received.
An external federal, state, or local auditor who meeds the GAGAS independence standards or an independent public accountant is called what? An independent auditor
What is the rule that required the auditing of as many major programs as necessary to ensure that at least 50 percent of tal federal awards expended are audited? Percentage of coverage rule
What are the two areas where SOX (Sarbanes-Oxley) can lead to improvements in government and not-for-profit governance? Audit committees and internal controls
Created by: jamifreese
Popular Accounting sets




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:
restart all cards