When Auditors Report on a Financial Audit Engagement in Accordance

question 56

Multiple Choice

When auditors report on a financial audit engagement in accordance with generally accepted government auditing standards (GAGAS) ,the basic report(s) include a

• A)disclaimer of opinion on financial statements,report on internal control,and report on compliance audit regarding laws and regulations.
• B)report (opinion)on financial statements,report on internal control,and report on compliance audit regarding laws and regulations.
• C)report on internal control and report(s)on efficiency and effectiveness of operations.
• D)report on compliance regarding laws and regulations and report(s)on achievement of program goal(s).

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Definitions:

Proton Pump Inhibitor

A class of drugs that reduce the production of acid in the stomach, used to treat conditions like acid reflux.

Bowel Movement

The process of expelling waste material from the lower large intestine through the rectum.

Colonic

Pertaining to the colon, the largest portion of the large intestine, involved in water and salt absorption and the storage and formation of feces.

Colectomy

Surgical removal of all or part of the colon, often to treat diseases of the colon including cancer.