For an Entity That Does Not Receive Governmental Financial Assistance

question 397

Multiple Choice

For an entity that does not receive governmental financial assistance, an auditor's standard report on financial statements generally would not refer to:

• A) Significant estimates made by management.
• B) An assessment of the entity's accounting principles.
• C) Management's responsibility for the financial statements.
• D) The entity's internal control.

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Definitions:

Sorted

The condition of having elements arranged in a sequential order according to some rule, often numerical or alphabetical.

Selection Sort

Selection sort is an in-place comparison-based sorting algorithm that divides the input list into two parts: the sorted part at the beginning and the unsorted part at the end, systematically finding the minimum or maximum from the unsorted partition and moving it to the sorted one.

Proper Positions

A term possibly construed within the context of organizing or arranging items or elements in a defined, correct sequence or layout.

List

An ordered collection of elements which allows duplicate entries and provides methods to manipulate data, such as insertion and deletion.