single audit act Flashcards

1
Q

audit must

A

schedule of finds & questioned costs

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2
Q

is an opinion expressed

A

YES

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3
Q

items auditor tests

A

internal control to obtain an understanding of compliance

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4
Q

what standards apply

A

government auditing standards issued by the GAO

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5
Q

single audit act

A

audit requirements for the recipients of federal financial assistance

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