In a single audit of federal financial assistance programs,which of the following does the auditor not need to determine and report for each organization?
A)An expanded scope audit of economy,efficiency,and program results.
B)That the financial statements are presented fairly in accordance with GAAP.
C)That an adequate internal control system is in place.
D)That the laws and regulations have been complied with.

Question

Quizplus · Accepted Answer

While an expanded scope audit of economy, efficiency, and program results is a requirement of a single audit, it is not necessary to determine and report this information for each individual organization during the audit. The auditor does, however, need to determine and report on the other options listed (B, C, and D) for each organization.

In a Single Audit of Federal Financial Assistance Programs,which of the Following