Audit Reports That Meet the Requirements of the Single Audit

question 26

Multiple Choice

Audit reports that meet the requirements of the Single Audit Act and OMB Uniform Guidance need not include

• A) An opinion on the financial statements.
• B) An opinion on the schedule of expenditures of federal awards.
• C) A report on internal controls.
• D) A report on management's discussion and analysis.

---

Definitions:

Exploitative Relations

Relationships where one party takes unfair advantage of another, often in social, economic, or labor contexts.

Dependent On

Reliance on something or someone for support, sustenance, or the ability to function properly.

Brym and Lie

Sociologists known for their contributions to understanding social structures, behaviors, and the relation between technology and society, among other topics.

Increasingly Aware

Increasingly aware describes a growing consciousness or recognition of specific issues, facts, or trends among individuals or the general public.