1.Governmental Audits

a.List and describe the sources of auditing standards

b.Performance audits

i.Explain the purpose

ii.List four objectives of a performance audit

c.Explain the Single Audit and provide an overview of its purpose

2 Discuss the details of the ethical breeches by KPMG from 2015 to 2017 relating to oversight by the PCAOB. Do not include your opinion in your response. Discuss the following:

a.Specific nature of the crime and methods followed to achieve desired results. You do not need to identify names of specific individuals.

b.Describe who reported the crime and who they reported it to.

c.Briefly provide an overview of the of the SEC to the PCAOB. Also discuss which entity oversees the other.