Which of the Following Is Not Considered an Opinion Unit

question 58

Multiple Choice

Which of the following is not considered an opinion unit requiring a materiality determination associated with a financial statement audit of a state or local government?

• A) Aggregate discretely presented component units.
• B) Investment trust fund financial statements.
• C) Each major governmental fund.
• D) Business-type activities.

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Definitions:

Greenhouse Gases

Gases in Earth's atmosphere that trap heat, including carbon dioxide and methane, contributing to global warming and climate change.

UV Radiation

Ultraviolet radiation is a form of energy travelling through space, part of the electromagnetic spectrum, known for its role in causing skin tans and burns.

Zika Virus

A virus spread primarily through the bite of an infected Aedes species mosquito, known to cause Zika fever and linked to birth defects in the children of infected pregnant women.

El Niño

A climate phenomenon characterized by the warming of sea surface temperatures in the central and eastern tropical Pacific Ocean, affecting global weather patterns.