Which of the Following Audit Opinions Is Issued When a Government

question 65

Multiple Choice

Which of the following audit opinions is issued when a government fails to comply with generally accepted accounting principles?

• A) Qualified
• B) Adverse
• C) Either of the above, depending on the severity of the noncompliance
• D) Neither a) or b) above

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Definitions:

Goal Shielding

The cognitive process of protecting one's focus and efforts towards a specific goal by minimizing distractions or competing goals.

Committed

The state of being dedicated or bound to a cause, activity, or other person.

Self-Regulation

The ability to manage one's own thoughts, emotions, and behaviors in accordance with personal goals.

Self-Control

The capacity to control one's feelings, thoughts, and actions when faced with desires and sudden urges.