A Common Reason Why a Government Might Receive a "Qualified

Multiple Choice

A common reason why a government might receive a "qualified opinion" from the external auditors is

A) A violation of generally accepted accounting principles 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) Liabilities exceed assets in the General Fund.