[Government Audit] Types of Engagements

■ Under Government Auditing Standards,

※ The types of engagements addressed include

 

(1) Financial audits

(financial statement audits and other types, such as compliance with specified regulations for federal award expenditures),

 

(2) Performance audits

Performance audits include many objectives,

such as assessing <program effectiveness and results>, <economy and efficiency>, <internal control> and <compliance with legal requirements>.

 

(3) Attestation engagements

(e.g., reporting on compliance with specified laws, regulations, rules, contracts, or grant agreements).