Which of the following would be a financial audit (or a part of a financial audit) under the Government Auditing Standards?
A)	An audit expressing an opinion on the basic financial statements of a state or local government audit.
B)	An examination to determine whether purchasing procedures are appropriately designed to assure program supplies meet standards.
C)	Both A and B above.
D)	Neither A nor B above.
Answer:A
Which of the following would be a financial audit (or a part of a financial audit) under the Government Auditing Standards?
A)	An audit expressing an opinion on the basic financial statements of a state or local government audit. B)	An examination to determine whether purchasing procedures are appropriately designed to assure program supplies meet standards. C)	Both A and B above. D)	Neither A nor B above.