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"An Unmodified Opinion on the Financial Statements of a Local

Question 51

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"An unmodified opinion on the financial statements of a local government means the entirety of the comprehensive annual financial report (CAFR) has been audited and conforms with GAAP." Do you agree or disagree? Why?

"An unmodified opinion on the financial statements of a local government means the entirety of the comprehensive annual financial report (CAFR) has been audited and conforms with GAAP." Do you agree or disagree? Why?

Correct Answer:

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Disagree. The standard auditor's report ...

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