The Accounting Review Vol. 26 No. 3 1951
SOME ASPECTS OF A GOVERNMENT AUDIT.
Abstract
This article discusses aspects of a governmental audit. Probably the principal purpose of a governmental audit is to prepare a report containing an opinion of the independent auditor on the financial statements of the governmental unit as presented by its officials. This is a culmination of the other two purposes which are to be mentioned below in that the opinion expressed in the report of the auditor is based upon the results of the investigation by the auditor of the reliability and reasonableness of the records and acts which they record. The first purpose is to appraise the judgments and decisions made by responsible officials concerning accounting matters and to prepare information to assist others in appraising all of their judgments. This appraisal is made from the point of view of determining whether or not the judgments of responsible officials as reflected in the records are justifiable, reasonable, adequately supported, representation of the best alternative if other possibilities were present, etc.
- DOI
- 10.2308/tar-7074398
- Volume
- 26
- Issue
- 3
- Pages
- 347-351
- Language
- en
- Sources
- openalex crossref