Question

Expanded scope governmental auditing includes economy audits, efficiency audits and program results audits.

a)true
b)false

Answer 1

Expanded scope governmental auditing includes economy audits, efficiency audits, and program results audits.

Step-by-step explanation:

The statement: Expanded scope governmental auditing includes economy audits, efficiency audits and program results audits is true.

Expanded scope governmental auditing refers to an approach in auditing where auditors not only examine financial statements but also evaluate the economy, efficiency, and effectiveness of government programs. Economy audits focus on assessing whether resources are used efficiently to achieve desired results.

Efficiency audits examine the effectiveness of government operations and identify opportunities for improvement. Program results audits evaluate the outcomes and impact of government programs.

This expanded scope of auditing allows for a more comprehensive assessment of government operations and helps ensure transparency, accountability, and the efficient use of public resources.