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Provide negative assurance (indicating that no material problems were encountered)
Non-compliance on GAS Program with a material effect on the program
Express an adverse of qualified opinion.
When auditing an entity's financial statements in accordance with Government Auditing Standards (the Yellow Book), an auditor is required
to report on:
The scope of the auditor's test of compliance with laws and regulations
Engaged to compile a nonpublic entity's financial
statements that omit substantially all disclosures required by GAAP, the compilation report that the financial
statements should state
- Management has elected to omit substantially all of the disclosures (and the statement of cash flows) required by GAAP.
- Prepared in conformity with a comprehensive basis of accounting other than GAAP.
Expression of a written report on an assertion by another party
Statement that the compilation is limited to presentation, in the form of a forecast, information that is the management's representation and
does not include evaluation of the support of the assumptions underlying the forecast.
Standard Report on the Compilation of a Forecast
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