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In addition to the Yellow Book, which group's external audit standards can the GAO reference?
Suggested Answer: A
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33 comments · newest first
AL
Alexis
11 months ago
I thought the Yellow Book was the only standard they used!
CA
Carma
11 months ago
I agree, C seems right. They focus on public sector audits.
CR
Cristen
11 months ago
Wait, can GAO really reference the International Auditing and Assurance Standards Board?
KA
Kanisha
11 months ago
Definitely AICPA! They have solid standards.
CL
Clarinda
12 months ago
I think it's the International Organization of Supreme Audit Institutions.
VI
Vince
12 months ago
I’m a bit confused; I thought the GAO primarily relied on the Yellow Book, so I’m not sure which other standards apply.
XU
Xuan
12 months ago
I practiced a similar question, and I think the correct answer is the International Auditing and Assurance Standards Board.
EL
Elke
1 year ago
I remember studying the Yellow Book, and I feel like the AICPA might be relevant too, but I can't recall the specifics.
CY
Cyril
1 year ago
I think the GAO can reference the International Organization of Supreme Audit Institutions, but I'm not entirely sure.
CH
Charlesetta
1 year ago
I'm pretty sure the answer is A, since the question specifically mentions "in flight encryption" which suggests data encryption during synchronous replication.
MA
Mari
1 year ago
Okay, the key requirements are to add security to the response messages from Service C while minimizing performance impact. I think option B looks promising, using the service consumer's public key for encryption.
TW
Twana
1 year ago
I'm torn between interviews and anonymous mechanisms. Both protect individual confidentiality, but interviews feel more thorough and nuanced.
FR
Francine
1 year ago
I think I remember something about exempt versus nonexempt employees, but I'm not completely sure which category the salaried employees fall under.
LE
Leatha
1 year ago
Wait, if equity shares are issued, wouldn't that actually lower the gearing ratio? I don't know if I'm overthinking this.
TU
Tu
1 year ago
Glad I studied up on my government auditing organizations. INTOSAI is the way to go!
RE
Renea
1 year ago
C) International Organization of Supreme Audit Institutions
HE
Hector
1 year ago
B) International Auditing and Assurance Standards Board.
LE
Leonida
1 year ago
A) Public Company Accounting Oversight Board
JO
Joanna
1 year ago
Wait, the Yellow Book is a thing? I thought we were talking about a coloring book. INTOSAI it is, then!
CH
Charlene
1 year ago
D) AICPA
OL
Olga
1 year ago
C) International Organization of Supreme Audit Institutions
JA
Jamal
1 year ago
B) International Auditing and Assurance Standards Board.
SE
Serina
1 year ago
A) Public Company Accounting Oversight Board
MO
Mose
1 year ago
INTOSAI, of course! The GAO is part of the government, so it makes sense they'd use standards from that organization.
DO
Dominque
1 year ago
I think the AICPA standards would be a good option, but INTOSAI seems more relevant for government auditing.
SH
Shonda
2 years ago
I'm not sure, but I think it could also be C) International Organization of Supreme Audit Institutions.
MY
Myrtie
2 years ago
The International Organization of Supreme Audit Institutions (INTOSAI) is the correct answer. The GAO can reference their external audit standards in addition to the Yellow Book.
LI
Lilli
1 year ago
D) AICPA
MA
Markus
1 year ago
C) International Organization of Supreme Audit Institutions
NY
Nydia
1 year ago
B) International Auditing and Assurance Standards Board.
JO
Joni
1 year ago
A) Public Company Accounting Oversight Board
BO
Bok
2 years ago
I agree with Vashti, because the GAO can reference external audit standards from PCAOB.
VA
Vashti
2 years ago
I think the answer is A) Public Company Accounting Oversight Board.