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A Common Reason Why a Government Might Receive a "Modified

Question 45

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.

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