Discuss the nature of value-for-money (VFM) audits and give three examples of its application.
What will be an ideal response?
Value-for-money audits involve studies of the management of government organizations, programs, activities, and functions. Their goal is to improve the government's accountability to taxpayers for the effective use of tax dollars. Examples of findings include:
1. Health care: Stronger efforts needed to control undesirable practices by unregulated health-care providers.
2. Education: Need to improve availability of programs for exceptional children.
3. Young offenders: Suggested improved documentation before releasing young offenders.
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In the numerator of the debt service coverage ratio, ________________ is a good substitute for cash flow from operations before interest and tax payments, especially where changes in these accounts are insignificant
Fill in the blank(s) with correct word
Appeals from the U.S. Tax Court are to the Court of Appeals for the Federal Circuit.
Answer the following statement true (T) or false (F)
A government may move toward ________________ when it suspects foreign-owned companies are concealing profits and not contributing to the host country.
Fill in the blank(s) with the appropriate word(s).
The difference between the Project Gutenberg (PG) and the Google book scanning project is:
a. The PG limits itself to the "classics" b. The PG limits itself to only works in the public domain c. Google only digitizes full documents but the PG digitizes key segments d. The PG limits itself to "orphan" works – those with hard-to-find authors or owners.