Final answer:
The Office of Management and Budget (OMB) is not typically involved in performing audits of state and local governments; their primary role is overseeing the federal budget. The correct entities for such audits include independent CPAs, state audit agencies, and federal grantor agencies, unlike the OMB, which manages the executive budget process.
Step-by-step explanation:
The question asks which of the entities listed is not likely to perform audits of state and local governments. Audits of state and local governments may be conducted by independent CPAs, state audit agencies, and federal grantor agencies. However, the Office of Management and Budget (OMB) is primarily concerned with preparing the executive budget proposal and overseeing its implementation during the federal fiscal year, rather than performing audits of state and local governments.
The OMB does oversee actions of the executive bureaucracy, but its primary role is not to audit state and local governments. On the other hand, entities like the Government Accountability Office (GAO) are specifically tasked with providing auditing, evaluation, and investigative services to Congress and the heads of executive agencies. Therefore, among the options provided, the OMB would be the correct choice as the entity not tasked with performing these audits.