A5

Question 1

how to report on compliance w laws and regulations underGAS

Answer 1

GAS requires the auditor todescribe the scope of the auditor’s tests of compliance with laws and regulations and of internal controls

Question 2

internal control requirements under GAS?

Answer 2

written report on internal controls in EVERY AUDIT

may be reported on seperately from FS audit, but auditor needs to disclose that it is reported on in a seperate report

Question 3

GAGAS applies to what? who publishes the standards?

Answer 3

published by the GAO (gov accountability office)

applies to audits of federal financial assistance and other governmental organizations

Question 4

what to include about fraud in audit report under GAS

Answer 4

material instances of fraud or illegal acts that were discovered

Question 5

what is the auditor’s objective in a compliance audit of a governmental entity?

Answer 5

form an opinion on whether that government complied w all compliance requirements in material respects

report at the level specified by the governmental audit requirement

Question 6

does auditor express opinion on FS as a whole within an audit report under GAS?

Answer 6

nope not required

Question 7

for compliance audit – how does auditor report effectiveness of internal control over compliance

Answer 7

no overall opinion, and no documentation concluding findings or stating an opinion is necessary