Multiple Choice
A common reason why a government might receive a "modified opinion" from the external auditors is:
A) A violation of generally accepted accounting principles was noted that does not cause material misstatement of the financial statements.
B) A fund balance deficit in the General Fund.
C) Poor internal controls such that the accounting records could not be audited.
D) Expenditures exceeded appropriations in the General Fund.
Correct Answer:

Verified
Correct Answer:
Verified
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