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The risk that material noncompliance could occur assuming that no internal controls have been established to prevent it is referred to as Inherent risk Control
The risk that material noncompliance could occur assuming that no internal controls have been established to prevent it is referred to as Inherent risk Control risk Fraud risk Detection riskThe GAO standards pertaining to performance audits Mandate that programs be audited annually Mandate that programs be audited whenever information comes to the attention of the auditor indicating a need for a performance audit Mandate that a complete audit include both a financial audit and a performance audit Do not specify when and how often a program must be audited
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