Governmental Audit Reports & Opinions

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    Topic
  • #2731947
    Sal
    Participant

    Have my exam on the 3rd of October ( wish me luck) and just want to make sure Im aware of the right reports and their subjected opinions. Can some one please confirm. Thank you so much!

    ———————————————–
    [ Basic Governmental Report ] = [A] [C]

    [A] – Financial statements = opinion

    – Report on ICFR = no opinion

    [C] – Report on Compliance = no opinion
    & provisions of laws
    and agreement
    ————————————————-
    [SINGLE AUDIT ACT ] = [A] [C] + [D] [E]

    [A] , , [C] = SAME

    +

    [D] Report on compliance and internal = Opinion
    control over compliance related to
    major programs

    [E] Internal Control Compliance Report = no opinion

    - SAL
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