Which Single Audit Report Does Not Include an "Opinion

question 8

Multiple Choice

Which single audit report does not include an "opinion"?

• A) Report on the schedule of expenditures of federal awards.
• B) Report on internal controls over federal financial assistance.
• C) Report on financial statements.
• D) Report on major federal financial assistance program compliance.

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Definitions:

Earnings Surprise

A financial event that occurs when a company's reported quarterly or annual profits are above or below the analysts' expectations.

Securities Markets

Platforms or locations where securities such as stocks and bonds are bought and sold.

Stock Price

The current price at which a share of company stock can be bought or sold in the stock market.

Sustainable Earnings

The portion of a company's profits considered to be repeatable, stable, and able to be maintained over the long term.