If a government failed to report infrastructure assets, the auditor would have to express an adverse opinion on the fund level financial statements.
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Q5: The Government Accounting Standards Board has authority
Q6: Governmental attestation engagements must comply with both
Q7: Assuming an auditee is considered low-risk, the
Q8: While the principal users of corporate audit
Q9: Governmental attestation engagements must comply with the
Q11: The use of opinion units allows an
Q12: In a governmental audit, the auditor is
Q13: The Government Accountability Office has authority for
Q14: Governmental Auditing Standards identifies four categories of
Q15: Entities that expend $500,000 or more of
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