Briefly explain the degree and type of control that each branch of the federal government (legislative, executive, and judicial) has over independent administrative agencies
Political and legal control over agency power resides in both the executive and legislative branches of government. Legal control includes Congress's ability to eliminate or reduce power or even abolish an agency by amending the enabling statute. Political control is also exercised through the budget process. An agency allocation in the yearly budget process has as much to do with what the agency can do as any formal control over the agency. Thus, the president, with an annual budget
request and Congress with appropriation legislation dramatically affect an agency's ability to perform. Judicial control is exercised by the independent review of agency action by the courts. A court may prevent or undo any unauthorized action by an agency; it may also compel agency action that has been unlawfully withheld.
You might also like to view...
Measurement in accounting requires choosing an attribute and a unit of measure. _________________________ is the attribute used for many of the assets included in the financial statements
Fill in the blank(s) with correct word
Which of the following internal control activities most likely would prevent direct labor hours from being charged to manufacturing overhead?
A. Periodic independent counts of work-in-process for comparison to recorded amounts. B. Reconciliation of work-in-process inventory with periodic cost budgets. C. Comparison of daily journal entries with approved production orders. D. Use of time sheets to record actual labor worked on production orders.
When planning the audit related to debt obligations, the auditor should not have expectations as to the nature and magnitude of any account balance changes because they might bias the outcome of the audit
a. True b. False Indicate whether the statement is true or false
Which positive psychological attribute is also one of the major leadership traits in Chapter 2?
A. hope B. confidence C. optimism D. integrity