Government Auditing Standards, published in a document called the Yellow Book, incorporate the AICPA standards and provide extensions that are necessary due to the unique nature of public entities. Which of the following is not one of the extensions?

A. Written evaluation of internal controls.
B. Higher materiality thresholds than in the private sector.
C. Requirement that auditors have knowledge of government accounting and auditing.
D. Public availability of audit reports.


Answer: B

Business

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Business