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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 503
The federal Single Audit Act of 1984 requires auditors to determine and report several things about state and local governments that receive federal funds. Which of the following is not normally required to be reported?
A) An opinion on the fair presentation of the financial statements in accordance with generally accepted accounting principles.
B) A report on the government's internal control related to federal funds.
C) The government's performance in meeting goals set in enabling legislation.
D) A report on the government's compliance with applicable laws and regulations.
A) An opinion on the fair presentation of the financial statements in accordance with generally accepted accounting principles.
B) A report on the government's internal control related to federal funds.
C) The government's performance in meeting goals set in enabling legislation.
D) A report on the government's compliance with applicable laws and regulations.
Explanation
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A single audit, conducted in accordance ...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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