An Independent Auditor Has Conducted an Audit of the Financial

An independent auditor has conducted an audit of the financial statements of an entity that receives federal financial assistance, but that is not subject to the OMB standards. What report(s) must the auditor issue at the completion of this engagement?

A) Only an opinion (or disclaimer of opinion) on the financial statements.
B) An opinion (or disclaimer of opinion) on the financial statements and a report on internal control.
C) An opinion (or disclaimer of opinion) on the financial statements, a report on internal control, and a report on compliance.
D) An opinion (or disclaimer of opinion) on the financial statements, a report on internal control, and an opinion (or disclaimer of opinion) on compliance.