Multiple Choice
The single audit requirement applies to
A) All audits of state and local government reporting entities.
B) Audits to determine efficiency and economy.
C) Audits following the Single Audit Act of 1984 (with 1996 Amendments) and the revised OMB Circular A-133.
D) Financial and performance audits,and attestation engagements.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Only state and local governments and their
Q21: Audits of state and local governments may
Q29: Governments often engage one auditor to audit
Q30: The following are key terms in Chapter
Q32: "An unqualified opinion on the financial statements
Q32: Threats to independence include all of the
Q35: The introductory paragraph of an audit report
Q36: An audit of a government's financial statements,conducted
Q44: The AICPA's Audit and Accounting Guide, State
Q60: Governments and not-for-profit entities may be subject