After completing the QCs NFP & Governmental Accounting, the Deloitte partner invite you to join the team to perform the annual audit of the Department of Education of NYC, which receives approximately $2 million per year in federal grant to conduct an experimental school science enrichment program. The program has now been in existence for three years. During the audit, you discovered the ordinary equipment purchased for the science enrichment program cost 5% more than the industry average. Later, you found out that the vendor is Mr. Green, the Director of the programs childhood friend. Mr. Green is negotiating with the Vendor about the becoming partner of the firm after retiring from the DEO. The agency does have the vendor bidding policy . What kind of Audits should the firm perform in order to assist their comprehensive evaluation of the program?

A Compliance Audit only

A Financial Audit only

A Financial Audit and Performance Audit