Auditing (Chapter 13) Identify the standards (and the related acronyms) that are applicable to audits of state and local governments. Identify the bodies that promulgate the respective standards for government auditing. List and describe the four types of governmental audits and attestation engagements. Discuss and distinguish the differences between a financial audit and a performance audit. Discuss the Single Audit Act and its requirements. Discuss the Sarbanes-Oxley Act and its requirements.