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Budgetary control requires legal authorization of spending before obligations are incurred. This ensures expenditures comply with legislative intent. Fiscal sustainability (Option B) looks long term. Accountability (Option C) and transparency (Option D) are broader principles. Exam 1 emphasizes budgetary control as fundamental. Option A is correct.

The Congressional Budget Office (CBO) provides nonpartisan budgetary and economic analysis for Congress, including scoring proposed legislation. GAO (Option A) audits. OMB (Option C) supports the executive budget. FASAB (Option D) sets federal accounting standards. Exam 1 stresses distinctions among federal entities. Option B is correct.

Budgetary control requires legislative authorization before expenditures, ensuring compliance and accountability. Interperiod equity (Option B) and fiscal sustainability (Option C) are broader. Accountability (Option D) is the overall principle. Exam 1 emphasizes budgetary compliance. Option A is correct.

Locked storage and access restrictions are preventive physical controls protecting assets from theft or misuse. Sequential numbering (Option A) ensures document control. Reviews (Option C) are detective. Budget monitoring (Option D) is financial oversight. Exam 3 emphasizes safeguarding assets. Option B is correct.

General standards in the GAO Yellow Book govern auditor competence, independence, professional judgment, and quality control. Fieldwork (Option A) covers evidence collection. Reporting (Option C) addresses audit communications. Performance (Option D) applies to program audits. Exam 3 stresses general standards. Option B is correct.