Which of the Following Matters Is Covered in a Typical

question 124

Multiple Choice

Which of the following matters is covered in a typical comfort letter?

• A) Negative assurance concerning whether the entity's internal controls operated as designed during the period being audited.
• B) An opinion regarding whether the entity complied with laws and regulations under Government Auditing Standards and the Single Audit Act of 1984.
• C) Positive assurance concerning whether unaudited condensed financial information complied with generally accepted accounting principles.
• D) An opinion as to whether the audited financial statements comply in form with the accounting requirements of the SEC.

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Definitions:

Baratarian Pirates

A group of 19th-century pirates led by Jean Lafitte, who operated out of the Barataria Bay south of New Orleans, and later aided the United States in the War of 1812.

French Revolution

A pivotal period of radical social and political upheaval in France from 1789 to 1799, leading to the decline of monarchies and churches and the rise of democracy and nationalism.

Political Parties

Organized groups of people with similar political aims and opinions, that seek to influence public policy by getting their candidates elected to public office.

War Debts

The financial obligations incurred by countries as a result of war expenditures, often leading to discussions or conflicts regarding repayment after the war's conclusion.