1.5 Points Question 4 Which of the following is not true about the major differences in the scope of audit responsibilities for CPAS, GAO auditors, IRS agents, and internal auditors? CPAs perform audits of financial statements of private and public companies prepared in accordance with U.S. or international auditing standards. B GAO auditors perform compliance or operational audits in order to assure the government of the expenditure of public funds in accordance with its directives and the law. IRS agents perform compliance audits to enforce the federal tax laws as defined by the government, interpreted by the courts, and regulated by the IRS. Internal auditors perform compliance or operational audits in order to assure management or the board of directors that controls and policies are properly and consistently developed, applied, and evaluated. Question 5 1.5 Points Which of the following services performed by the auditor is not classified as a compliance audit? The auditor determines if the disbursements of the Ministry of Education are in accordance with the authorized expenditures. B The auditor provides assurance that the amount of organic ingredients included in a company's products is consistent with USDA organic regulations. The auditor evaluates whether the credit approvals are granted to the customers in accordance with the allowable credit limits. None of the above. Question 6 1.5 Points Which of the following statements is true about compliance audit? A Review of income tax returns of a corporation to determine which tax laws are applicable. B Reporting to the authority that established rules, regulations, and procedures, either internal or external to the auditee. An internal auditor's review of a company's payroll authorization procedures. Reporting to the management of the company as well as to the different groups and outside entities