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Does the annual financial report contain a single audit section? If not, does the report...

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Accounting

Does the annual financial report contain a single audit section? If not, does the report refer to the existence of a single audit report? If so, does the report include a Schedule of Federal (and State) Financial Assistance? Are all the reports illustrated in this chapter included? Can you identify the major programs, if any?

  • 137.With regard to the Government Auditing Standards
  1. Differentiate among the different types of professional engagements.
  2. Assume you are auditing a city that has a summer youth employment program. List some factors you might investigate in terms of (1) financial statement audits and (2) performance audits.

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