SU 20

Question 1

Written representations

Answer 1

Management should identify and disclose all laws and regulations that have a direct and material impact of the FS.

Question 2

Under Government auditing standards, an engagement may be

Answer 2

1 performance audit
2 financial audit
3 attestation engagement

Question 3

Fact: Government auditing standards requires the auditor to report: significant deficiencies and material weaknesses to:

Answer 3

1. Those charged with governance
2. Officials of the audited entity
3. Oversight bodies or organizations requiring or arranging the audit