Please answer the following questions with a minimum of 150 words per question. Number each and please do not combine questions.
Each answer to question should be individual paragraph.
1. What is an audit?
2. What are some responsibilities of the GAO?
3. Discuss the three standards of evaluations.
4. What is a compliance audit?
5. List and discuss the six principles of public financial management.
6. What are the the two basic kinds of budget?
7. Discuss zero-based budgeting.
8. Why is it important to have a sound fiscal policy?