In Performing a Financial Statement Audit in Accordance with Government

question 418

Multiple Choice

In performing a financial statement audit in accordance with Government Auditing Standards, an auditor is required to report on the entity's compliance with laws and regulations. This report should:

• A) State that tests of compliance with laws and regulations that have a direct and material effect on the financial statements is part of obtaining reasonable assurance that the financial statements are free of material misstatement.
• B) Describe the laws and regulations that the entity must comply with.
• C) Provide an opinion on overall compliance with laws and regulations.
• D) Indicate that the auditor does not possess legal skills and cannot make legal judgments.

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