The GAO has not expressed an auditor's opinion on the consolidated financial statements for the federal government as a whole. Which of the following is not a reason that GAO has given for not expressing an opinion?
A) Serious financial management problems at the Department of Defense that have prevented its financial statements from being auditable.
B) The federal government's inability to adequately account for and reconcile intragovernmental activity and balances between federal entities.
C) A lack of internal controls across many departments and agencies of the federal government.
D) The federal government's ineffective process for preparing the consolidated financial statements.
Correct Answer:
Verified
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