A CPA Has Conducted an Audit of the Financial Statements

question 23

Multiple Choice

A CPA has conducted an audit of the financial statements of an entity that received federal financial assistance and had one program that qualified as a major program. The CPA's responsibility related to reporting on internal control for this entity is to:

• A) Issue a report on internal control relating to the financial statements.
• B) Issue an opinion on internal control relating to the financial statements.
• C) Issue a report on internal control relating to the financial statements and a report on internal control related to the federal program(s).
• D) Issue a report on internal control relating to the financial statements and an opinion on internal control related to the major program.

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Definitions:

Physically Aggressive

describes behaviors that entail the use of physical force intended to harm or injure another being.

Aggressive Behavior

Actions that aim to harm or intimidate others, often showing a readiness to confront or attack.

Three Years Old

Refers to the developmental milestone age in early childhood, where significant growth and learning in language, social skills, and motor coordination are observed.

Social Conventions

Established norms and practices that govern behavior within societies, often considered the unwritten rules of social interactions.