audit gov flash cards

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  1. According to the Single Audit Act, the scope of federal audits may vary, but the auditor should

    1. ----------------------------.

    2. Determine whether the schedule of expenditures of federal awards is presented fairly, in all material respects, in relation to the financial statements as a whole.

    3.With respect to controls over compliance, obtain an understanding of those controls, assess control risk, and perform tests of controls unless the controls are ineffective.

    4.Determine whether the nonfederal entity has complied with the provisions of laws, regulations, and contracts or grants that have a direct and material effect on each major program.

    5.Report audit findings in a schedule of findings and questioned costs.
    According to the Single Audit Act, the scope of federal audits may vary, but the auditor should

    1. Determine whether the financial statements are presented fairly, in all material respects, in conformity with GAAP.

    2. Determine whether the schedule of expenditures of federal awards is presented fairly, in all material respects, in relation to the financial statements as a whole.

    3.With respect to controls over compliance, obtain an understanding of those controls, assess control risk, and perform tests of controls unless the controls are ineffective.

    4.Determine whether the nonfederal entity has complied with the provisions of laws, regulations, and contracts or grants that have a direct and material effect on each major program.

    5.Report audit findings in a schedule of findings and questioned costs.
  2. According to the Single Audit Act, the scope of federal audits may vary, but the auditor should

    1. Determine whether the financial statements are presented fairly, in all material respects, in conformity with GAAP.

    2. --------------------------------.

    3.With respect to controls over compliance, obtain an understanding of those controls, assess control risk, and perform tests of controls unless the controls are ineffective.

    4.Determine whether the nonfederal entity has complied with the provisions of laws, regulations, and contracts or grants that have a direct and material effect on each major program.

    5.Report audit findings in a schedule of findings and questioned costs.
    According to the Single Audit Act, the scope of federal audits may vary, but the auditor should

    1. Determine whether the financial statements are presented fairly, in all material respects, in conformity with GAAP.

    2. Determine whether the schedule of expenditures of federal awards is presented fairly, in all material respects, in relation to the financial statements as a whole.

    3.With respect to controls over compliance, obtain an understanding of those controls, assess control risk, and perform tests of controls unless the controls are ineffective.

    4.Determine whether the nonfederal entity has complied with the provisions of laws, regulations, and contracts or grants that have a direct and material effect on each major program.

    5.Report audit findings in a schedule of findings and questioned costs.
  3. According to the Single Audit Act, the scope of federal audits may vary, but the auditor should

    1. Determine whether the financial statements are presented fairly, in all material respects, in conformity with GAAP.

    2. Determine whether the schedule of expenditures of federal awards is presented fairly, in all material respects, in relation to the financial statements as a whole.

    3.-----------------------------------.

    4.Determine whether the nonfederal entity has complied with the provisions of laws, regulations, and contracts or grants that have a direct and material effect on each major program.

    5.Report audit findings in a schedule of findings and questioned costs.
    According to the Single Audit Act, the scope of federal audits may vary, but the auditor should

    1. Determine whether the financial statements are presented fairly, in all material respects, in conformity with GAAP.

    2. Determine whether the schedule of expenditures of federal awards is presented fairly, in all material respects, in relation to the financial statements as a whole.

    3.With respect to controls over compliance, obtain an understanding of those controls, assess control risk, and perform tests of controls unless the controls are ineffective.

    4.Determine whether the nonfederal entity has complied with the provisions of laws, regulations, and contracts or grants that have a direct and material effect on each major program.

    5.Report audit findings in a schedule of findings and questioned costs.
  4. According to the Single Audit Act, the scope of federal audits may vary, but the auditor should

    1. Determine whether the financial statements are presented fairly, in all material respects, in conformity with GAAP.

    2. Determine whether the schedule of expenditures of federal awards is presented fairly, in all material respects, in relation to the financial statements as a whole.

    3.With respect to controls over compliance, obtain an understanding of those controls, assess control risk, and perform tests of controls unless the controls are ineffective.

    4.------------------------------------.

    5.Report audit findings in a schedule of findings and questioned costs.
    According to the Single Audit Act, the scope of federal audits may vary, but the auditor should

    1. Determine whether the financial statements are presented fairly, in all material respects, in conformity with GAAP.

    2. Determine whether the schedule of expenditures of federal awards is presented fairly, in all material respects, in relation to the financial statements as a whole.

    3.With respect to controls over compliance, obtain an understanding of those controls, assess control risk, and perform tests of controls unless the controls are ineffective.

    4.Determine whether the nonfederal entity has complied with the provisions of laws, regulations, and contracts or grants that have a direct and material effect on each major program.

    5.Report audit findings in a schedule of findings and questioned costs.
  5. According to the Single Audit Act, the scope of federal audits may vary, but the auditor should

    1. Determine whether the financial statements are presented fairly, in all material respects, in conformity with GAAP.

    2. Determine whether the schedule of expenditures of federal awards is presented fairly, in all material respects, in relation to the financial statements as a whole.

    3.With respect to controls over compliance, obtain an understanding of those controls, assess control risk, and perform tests of controls unless the controls are ineffective.

    4.Determine whether the nonfederal entity has complied with the provisions of laws, regulations, and contracts or grants that have a direct and material effect on each major program.

    5.---------------------------------.
    According to the Single Audit Act, the scope of federal audits may vary, but the auditor should

    1. Determine whether the financial statements are presented fairly, in all material respects, in conformity with GAAP.

    2. Determine whether the schedule of expenditures of federal awards is presented fairly, in all material respects, in relation to the financial statements as a whole.

    3.With respect to controls over compliance, obtain an understanding of those controls, assess control risk, and perform tests of controls unless the controls are ineffective.

    4.Determine whether the nonfederal entity has complied with the provisions of laws, regulations, and contracts or grants that have a direct and material effect on each major program.

    5.Report audit findings in a schedule of findings and questioned costs.
  6. According to the Single Audit Act, the scope of federal audits may vary, but the auditor should

    1. ------------------------------------.

    2. -------------------------.

    3.----------------------------.

    4.-------------------------------.

    5.------------------------------.
    According to the Single Audit Act, the scope of federal audits may vary, but the auditor should

    1. Determine whether the financial statements are presented fairly, in all material respects, in conformity with GAAP.

    2. Determine whether the schedule of expenditures of federal awards is presented fairly, in all material respects, in relation to the financial statements as a whole.

    3.With respect to controls over compliance, obtain an understanding of those controls, assess control risk, and perform tests of controls unless the controls are ineffective.

    4.Determine whether the nonfederal entity has complied with the provisions of laws, regulations, and contracts or grants that have a direct and material effect on each major program.

    5.Report audit findings in a schedule of findings and questioned costs.
  7. According to the additional requirements for financial audits in Government Auditing Standards,

    The auditors’ report may disclose

    (1) --------------------;

    (2) fraud;

    (3) noncompliance with provisions of laws, regulations, contracts, or grant agreements; or

    (4) abuse. In these cases, the auditors should obtain and report the views of responsible officials about the findings, conclusions, and recommendations, as well as planned corrective actions.
    According to the additional requirements for financial audits in Government Auditing Standards,

    The auditors’ report may disclose

    (1) deficiencies in internal control;

    (2) fraud;

    (3) noncompliance with provisions of laws, regulations, contracts, or grant agreements; or

    (4) abuse. In these cases, the auditors should obtain and report the views of responsible officials about the findings, conclusions, and recommendations, as well as planned
  8. According to the additional requirements for financial audits in Government Auditing Standards,

    The auditors’ report may disclose

    (1) deficiencies in internal control;

    (2) -------------------;

    (3) noncompliance with provisions of laws, regulations, contracts, or grant agreements; or

    (4) abuse. In these cases, the auditors should obtain and report the views of responsible officials about the findings, conclusions, and recommendations, as well as planned
    According to the additional requirements for financial audits in Government Auditing Standards,

    The auditors’ report may disclose

    (1) deficiencies in internal control;

    (2) fraud;

    (3) noncompliance with provisions of laws, regulations, contracts, or grant agreements; or

    (4) abuse. In these cases, the auditors should obtain and report the views of responsible officials about the findings, conclusions, and recommendations, as well as planned
  9. According to the additional requirements for financial audits in Government Auditing Standards,

    The auditors’ report may disclose

    (1) deficiencies in internal control;

    (2) fraud;

    (3) ----------------------------------------; or

    (4) abuse. In these cases, the auditors should obtain and report the views of responsible officials about the findings, conclusions, and recommendations, as well as planned
    According to the additional requirements for financial audits in Government Auditing Standards,

    The auditors’ report may disclose

    (1) deficiencies in internal control;

    (2) fraud;

    (3) noncompliance with provisions of laws, regulations, contracts, or grant agreements; or

    (4) abuse. In these cases, the auditors should obtain and report the views of responsible officials about the findings, conclusions, and recommendations, as well as planned
  10. According to the additional requirements for financial audits in Government Auditing Standards,

    The auditors’ report may disclose

    (1) deficiencies in internal control;

    (2) fraud;

    (3) noncompliance with provisions of laws, regulations, contracts, or grant agreements; or

    (4) ----------------------------------------------------------------------------------
    According to the additional requirements for financial audits in Government Auditing Standards,

    The auditors’ report may disclose

    (1) deficiencies in internal control;

    (2) fraud;

    (3) noncompliance with provisions of laws, regulations, contracts, or grant agreements; or

    (4) abuse. In these cases, the auditors should obtain and report the views of responsible officials about the findings, conclusions, and recommendations, as well as planned
  11. According to the additional requirements for financial audits in Government Auditing Standards,

    The auditors’ report may disclose

    (1) ------------------------------------;

    (2) ---------------------------;

    (3) ------------------------------------------; or

    (4) ---------------------------------------------
    According to the additional requirements for financial audits in Government Auditing Standards,The auditors’ report may disclose

    (1) deficiencies in internal control;

    (2) fraud;

    (3) noncompliance with provisions of laws, regulations, contracts, or grant agreements; or

    (4) abuse. In these cases, the auditors should obtain and report the views of responsible officials about the findings, conclusions, and recommendations, as well as planned
  12. The concept of materiality for financial statements audited under the Single Audit Act differs from materiality in an audit in accordance with generally accepted auditing standards. Under the act, materiality is
    Determined separately for each major federal program.
  13. The objective of the --------------------------- is to permit one audit to encompass the entity’s financial statements, its compliance with the terms of federal programs, and internal control. The audit should consider each major federal program individually to determine whether the program is in compliance with applicable laws and regulations. Thus, materiality should be considered at an individual program level.
    The objective of the Single Audit Act is to permit one audit to encompass the entity’s financial statements, its compliance with the terms of federal programs, and internal control. The audit should consider each major federal program individually to determine whether the program is in compliance with applicable laws and regulations. Thus, materiality should be considered at an individual program level.
  14. The objective of the Single Audit Act is to permit one audit to encompass the entity’s financial statements, its compliance with the terms of federal programs, and internal control. The audit should consider each major federal program individually to determine whether the program is in compliance with applicable laws and regulations. Thus, materiality should be ---------------------------------------------------------.
    The objective of the Single Audit Act is to permit one audit to encompass the entity’s financial statements, its compliance with the terms of federal programs, and internal control. The audit should consider each major federal program individually to determine whether the program is in compliance with applicable laws and regulations. Thus, materiality should be considered at an individual program level.
  15. The objective of the Single Audit Act is to permit one audit to encompass the entity’s financial statements, its compliance with the terms of federal programs, and internal control. The audit should consider --------------------------------------------- to determine whether the program is in compliance with applicable laws and regulations. Thus, materiality should be considered at an individual program level.
    The objective of the Single Audit Act is to permit one audit to encompass the entity’s financial statements, its compliance with the terms of federal programs, and internal control. The audit should consider each major federal program individually to determine whether the program is in compliance with applicable laws and regulations. Thus, materiality should be considered at an individual program level.
  16. Under the Single Audit Act, the data collection form submitted by the auditee should include, for each federal program, a ---------------------------------------------------------------------- and the-----------------------------.
    Under the Single Audit Act, the data collection form submitted by the auditee should include, for each federal program, a yes or no statement as to whether there are audit findings for each of the types of compliance requirements and the total of any questioned costs.
  17. Under the Single Audit Act, the ------------------------------------- submitted by the auditee should include, for each federal program, a yes or no statement as to whether there are audit findings for each of the types of compliance requirements and the total of any questioned costs.
    Under the Single Audit Act, the data collection form submitted by the auditee should include, for each federal program, a yes or no statement as to whether there are audit findings for each of the types of compliance requirements and the total of any questioned costs.
  18. The auditor’s consideration of internal control includes ---------------------------------------------------------------------------------------------------------------. In some instances, federal audit regulations require tests of controls to evaluate the effectiveness of the design and operation of the policies and procedures in preventing or detecting material noncompliance.
    The auditor’s consideration of internal control includes obtaining and documenting an understanding of internal control established to ensure compliance with the laws and regulations applicable to the federal financial assistance. In some instances, federal audit regulations require tests of controls to evaluate the effectiveness of the design and operation of the policies and procedures in preventing or detecting material noncompliance.
  19. According to Government Auditing Standards, the report on the financial statements or a separate report should present any -----------------------------------------------------------------------------------. However, the report need not provide any assurance on internal control design or effectiveness.
    According to Government Auditing Standards, the report on the financial statements or a separate report should present any significant deficiencies and material weaknesses in internal control. However, the report need not provide any assurance on internal control design or effectiveness.
  20. According to Government Auditing Standards, the report on the financial statements or a separate report should present any significant deficiencies and material weaknesses in internal control. However, the report need not provide any --------------------------------------------------------------------.
    According to Government Auditing Standards, the report on the financial statements or a separate report should present any significant deficiencies and material weaknesses in internal control. However, the report need not provide any assurance on internal control design or effectiveness.
  21. An enterprise engaged a CPA to audit its financial statements in accordance with Government Auditing Standards (the Yellow Book) because of the provisions of government grant funding agreements. Under these circumstances, the CPA is required to report on the enterprise’s internal control, either in the report on the financial statements or in
    A separate report.
  22. An auditor is required to follow Government Auditing Standards, which impose more stringent reporting requirements than ----------------------
    An auditor is required to follow Government Auditing Standards, which impose more stringent reporting requirements than GAAS
  23. In reporting under Government Auditing Standards, an auditor most likely would be required to communicate management’s misappropriation of assets directly to a federal inspector general when the fraudulent activities are
    Reported to the entity’s governing body and the governing body fails to make a required report to the federal inspector general.
  24. An audit of a local government that expends federal financial assistance is subject to the requirements of Government Auditing Standards and
    OMB circular a-133

    The single audit act
  25. Financial audits of certain governmental entities are required to be performed in accordance with generally accepted government auditing standards (GAGAS) as issued in Government Auditing Standards. These standards do not require, as part of an auditor’s report, the inclusion of
    Sampling methods used to test the controls designed to detect fraud whether or not material fraud is found.
  26. An auditor’s report, in accordance with Government Auditing Standards, should present

    (1) -----------------------------------;

    (2) instances of fraud and noncompliance with provisions of laws or regulations that have a material effect on the audit and any other instances that warrant the attention of those charged with governance;

    (3) noncompliance with provisions of contracts or grant agreements that has a material effect on the audit; and

    (4) abuse that has a material effect on the audit.
    An auditor’s report, in accordance with Government Auditing Standards, should present

    (1) significant deficiencies and material weaknesses in internal control;

    (2) instances of fraud and noncompliance with provisions of laws or regulations that have a material effect on the audit and any other instances that warrant the attention of those charged with governance;

    (3) noncompliance with provisions of contracts or grant agreements that has a material effect on the audit; and

    (4) abuse that has a material effect on the audit.
  27. An auditor’s report, in accordance with Government Auditing Standards, should present

    (1) significant deficiencies and material weaknesses in internal control;

    (2) instances of fraud and noncompliance with provisions of laws or regulations that have a material effect on the audit and any other instances that warrant the attention of those charged with governance;

    (3) ---------------------------------------; and

    (4) abuse that has a material effect on the audit.
    An auditor’s report, in accordance with Government Auditing Standards, should present

    (1) significant deficiencies and material weaknesses in internal control;

    (2) instances of fraud and noncompliance with provisions of laws or regulations that have a material effect on the audit and any other instances that warrant the attention of those charged with governance; 

    3) noncompliance with provisions of contracts or grant agreements that has a material effect on the audit; and

    (4) abuse that has a material effect on the audit.
  28. An auditor’s report, in accordance with Government Auditing Standards, should present

    (1) significant deficiencies and material weaknesses in internal control;

    (2) --------------------------------------;

    (3) noncompliance with provisions of contracts or grant agreements that has a material effect on the audit; and

    (4) abuse that has a material effect on the audit.
    An auditor’s report, in accordance with Government Auditing Standards, should present

    (1) significant deficiencies and material weaknesses in internal control;

    (2) instances of fraud and noncompliance with provisions of laws or regulations that have a material effect on the audit and any other instances that warrant the attention of those charged with governance;

    (3) noncompliance with provisions of contracts or grant agreements that has a material effect on the audit; and

    (4) abuse that has a material effect on the audit.
  29. An auditor’s report, in accordance with Government Auditing Standards, should present

    (1) significant deficiencies and material weaknesses in internal control;

    (2) instances of fraud and noncompliance with provisions of laws or regulations that have a material effect on the audit and any other instances that warrant the attention of those charged with governance;

    (3) noncompliance with provisions of contracts or grant agreements that has a material effect on the audit; and

    (4) ---------------------------------------.
    An auditor’s report, in accordance with Government Auditing Standards, should present

    (1) significant deficiencies and material weaknesses in internal control;

    (2) instances of fraud and noncompliance with provisions of laws or regulations that have a material effect on the audit and any other instances that warrant the attention of those charged with governance;

    (3) noncompliance with provisions of contracts or grant agreements that has a material effect on the audit; and

    (4) abuse that has a material effect on the audit.
  30. An auditor’s report, in accordance with Government Auditing Standards, should present

    (1) -----------------------------------;

    (2) ---------------------------------;

    (3) ------------------------------; and

    (4) ------------------------------.
    An auditor’s report, in accordance with Government Auditing Standards, should present

    (1) significant deficiencies and material weaknesses in internal control;

    (2) instances of fraud and noncompliance with provisions of laws or regulations that have a material effect on the audit and any other instances that warrant the attention of those charged with governance;

    (3) noncompliance with provisions of contracts or grant agreements that has a material effect on the audit; and

    (4) abuse that has a material effect on the audit.
  31. Reporting standards for financial audits under Government Auditing Standards (the Yellow Book) differ from reporting under generally accepted auditing standards in that Government Auditing Standards requires the auditor to
    Present the results of the auditor’s tests of controls.
  32. Attestation engagements under Government Auditing Standards include reporting on

    (1) an entity’s internal control over financial reporting;
    (2) an entity’s compliance with requirements of specified laws, regulations, policies, contracts, or grants;
    (3) management discussion and analysis (MD&A);
    (4) prospective financial or performance information;
    (5) ----------------------------;
    (6) ---------------------------; or
    (7) the quantity, condition, or valuation of inventory or assets.
    Attestation engagements under Government Auditing Standards include reporting on

    • (1) an entity’s internal control over financial reporting;
    • (2) an entity’s compliance with requirements of specified laws, regulations, policies, contracts, or grants;
    • (3) management discussion and analysis (MD&A);
    • (4) prospective financial or performance information;
    • (5) the accuracy or reliability of performance measures;
    • (6) allowable, reasonable, or final contract cost; or
    • (7) the quantity, condition, or valuation of inventory or assets.
  33. Attestation engagements under Government Auditing Standards include reporting on

    (1) --------------------------;
    (2) --------------------------------;
    (3) management discussion and analysis (MD&A);
    (4) prospective financial or performance information;
    (5) the accuracy or reliability of performance measures;
    (6) allowable, reasonable, or final contract cost; or
    (7) the quantity, condition, or valuation of inventory or assets.
    Attestation engagements under Government Auditing Standards include reporting on

    • (1) an entity’s internal control over financial reporting;
    • (2) an entity’s compliance with requirements of specified laws, regulations, policies, contracts, or grants;
    • (3) management discussion and analysis (MD&A);
    • (4) prospective financial or performance information;
    • (5) the accuracy or reliability of performance measures;
    • (6) allowable, reasonable, or final contract cost; or
    • (7) the quantity, condition, or valuation of inventory or assets.
  34. Attestation engagements under Government Auditing Standards include reporting on

    (1) an entity’s internal control over financial reporting;
    (2) an entity’s compliance with requirements of specified laws, regulations, policies, contracts, or grants;
    (3) ---------------------------
    (4) -----------------------;
    (5) the accuracy or reliability of performance measures;
    (6) allowable, reasonable, or final contract cost; or
    (7) the quantity, condition, or valuation of inventory or assets.
    • Attestation engagements under Government Auditing Standards include reporting on
    • (1) an entity’s internal control over financial reporting;
    • (2) an entity’s compliance with requirements of specified laws, regulations, policies, contracts, or grants;
    • (3) management discussion and analysis (MD&A);
    • (4) prospective financial or performance information;
    • (5) the accuracy or reliability of performance measures;
    • (6) allowable, reasonable, or final contract cost; or
    • (7) the quantity, condition, or valuation of inventory or assets.
  35. Attestation engagements under Government Auditing Standards include reporting on

    (1) an entity’s internal control over financial reporting;
    (2) an entity’s compliance with requirements of specified laws, regulations, policies, contracts, or grants;
    (3) management discussion and analysis (MD&A);
    (4) ------------------------------;
    (5) ----------------------------;
    (6) allowable, reasonable, or final contract cost; or
    (7) the quantity, condition, or valuation of inventory or assets.
    • Attestation engagements under Government Auditing Standards include reporting on
    • (1) an entity’s internal control over financial reporting;
    • (2) an entity’s compliance with requirements of specified laws, regulations, policies, contracts, or grants;
    • (3) management discussion and analysis (MD&A);
    • (4) prospective financial or performance information;
    • (5) the accuracy or reliability of performance measures;
    • (6) allowable, reasonable, or final contract cost; or
    • (7) the quantity, condition, or valuation of inventory or assets.
  36. Attestation engagements under Government Auditing Standards include reporting on
    (1) an entity’s internal control over financial reporting;
    (2) an entity’s compliance with requirements of specified laws, regulations, policies, contracts, or grants;
    (3) management discussion and analysis (MD&A);
    (4) prospective financial or performance information;
    (5) the accuracy or reliability of performance measures;
    (6) -----------------------------------; or
    (7) --------------------------------.
    Attestation engagements under Government Auditing Standards include reporting on

    • (1) an entity’s internal control over financial reporting;
    • (2) an entity’s compliance with requirements of specified laws, regulations, policies, contracts, or grants;
    • (3) management discussion and analysis (MD&A);
    • (4) prospective financial or performance information;
    • (5) the accuracy or reliability of performance measures;
    • (6) allowable, reasonable, or final contract cost; or
    • (7) the quantity, condition, or valuation of inventory or assets.
  37. Under Government Auditing Standards performance audits include many objectives, such as assessing (1) program effectiveness and results, (2) economy and efficiency, (3) internal control, and (4) -------------------------------------
    Under Government Auditing Standards performance audits include many objectives, such as assessing (1) program effectiveness and results, (2) economy and efficiency, (3) internal control, and (4) compliance with legal requirements
  38. Under Government Auditing Standards performance audits include many objectives, such as assessing (1) program effectiveness and results, (2) economy and efficiency, (3) ---------------------------------, and (4) compliance with legal requirements
    Under Government Auditing Standards performance audits include many objectives, such as assessing (1) program effectiveness and results, (2) economy and efficiency, (3) internal control, and (4) compliance with legal requirements
  39. Under Government Auditing Standards performance audits include many objectives, such as assessing (1) program effectiveness and results, (2) -------------------------------, (3) internal control, and (4) compliance with legal requirements
    Under Government Auditing Standards performance audits include many objectives, such as assessing (1) program effectiveness and results, (2) economy and efficiency, (3) internal control, and (4) compliance with legal requirements
  40. Under Government Auditing Standards performance audits include many objectives, such as assessing (1) ----------------------------------------, (2) economy and efficiency, (3) internal control, and (4) compliance with legal requirements
    Under Government Auditing Standards performance audits include many objectives, such as assessing (1) program effectiveness and results, (2) economy and efficiency, (3) internal control, and (4) compliance with legal requirements
  41. Under Government Auditing Standards, the types of engagements addressed include (1) -----------------------------------------------), (2) performance audits, and (3) attestation engagements
    Under Government Auditing Standards, the types of engagements addressed include (1) financial audits (financial statement audits and other types, such as compliance with specified regulations for federal award expenditures), (2) performance audits, and (3) attestation engagements
  42. Under Government Auditing Standards, the types of engagements addressed include (1) financial audits (financial statement audits and other types, such as compliance with specified regulations for federal award expenditures), (2) ----------------------------, and (3) attestation engagements
    Under Government Auditing Standards, the types of engagements addressed include (1) financial audits (financial statement audits and other types, such as compliance with specified regulations for federal award expenditures), (2) performance audits, and (3) attestation engagements
  43. Under Government Auditing Standards, the types of engagements addressed include (1) financial audits (financial statement audits and other types, such as compliance with specified regulations for federal award expenditures), (2) performance audits, and (3) ---------------------------------------
    Under Government Auditing Standards, the types of engagements addressed include (1) financial audits (financial statement audits and other types, such as compliance with specified regulations for federal award expenditures), (2) performance audits, and (3) attestation engagements
  44. In an audit of an entity’s compliance with applicable compliance requirements, an auditor obtains written representations from management acknowledging
    Its responsibilities for compliance, including disclosure of noncompliance.
  45. The auditor obtains written representations from management about its responsibilities for (1) understanding and complying with the compliance requirements and (2) --------------------------------------------------------------.
    The auditor obtains written representations from management about its responsibilities for (1) understanding and complying with the compliance requirements and (2) establishing and maintaining controls that provide reasonable assurance that the entity administers government programs in accordance with the compliance requirements.
  46. The auditor obtains written representations from management about its responsibilities for (1) -------------------------------------------------------- and (2) establishing and maintaining controls that provide reasonable assurance that the entity administers government programs in accordance with the compliance requirements.
    The auditor obtains written representations from management about its responsibilities for (1) understanding and complying with the compliance requirements and (2) establishing and maintaining controls that provide reasonable assurance that the entity administers government programs in accordance with the compliance requirements.
  47. In performing a financial statement audit in accordance with Government Auditing Standards, auditors are required to report on the entity’s compliance with laws and regulations. This report should
    Describe the scope of the auditor’s testing of compliance.
  48. According to Government Auditing Standards, the report should describe the scope of the auditor’s testing of compliance with laws and regulations and internal control over financial reporting. Thus, the report states whether (1) tests provided sufficient evidence to support an opinion on compliance or internal control over financial reporting and (2) ---------------------------------------------.
    According to Government Auditing Standards, the report should describe the scope of the auditor’s testing of compliance with laws and regulations and internal control over financial reporting. Thus, the report states whether (1) tests provided sufficient evidence to support an opinion on compliance or internal control over financial reporting and (2) such opinions are provided.
  49. According to Government Auditing Standards, the report should describe the scope of the auditor’s testing of compliance with laws and regulations and internal control over financial reporting. Thus, the report states whether (1) -------------------------------------------------------------- and (2) such opinions are provided.
    According to Government Auditing Standards, the report should describe the scope of the auditor’s testing of compliance with laws and regulations and internal control over financial reporting. Thus, the report states whether (1) tests provided sufficient evidence to support an opinion on compliance or internal control over financial reporting and (2) such opinions are provided.

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