Which of the Following Is an Objective of Audits Under

question 47

Multiple Choice

Which of the following is an objective of audits under the Single Audit Act? To ensure that

• A) The entity's financial statements are not affected by immaterial errors or misstatements.
• B) The entity has not committed fraud.
• C) The entity has in place a system of internal control sufficient to ensure that financial statements are prepared in accordance with generally accepted accounting principles.
• D) The entity is satisfying the laws, regulations, and provisions that apply to each specific federal award.