Which of the Following Is Not a Report That OMB

question 20

Multiple Choice

Which of the following is not a report that OMB Circular A-133 requires?

• A) A report that includes an opinion on whether the financial statements are presented in accordance with GAAP.
• B) A report that includes an opinion on whether the schedule of Federal awards is presented fairly and is consistent with the financial statements.
• C) A report on the entity's internal controls over financial reporting and its major programs.
• D) A report that other auditor's findings of errors/misrepresentations have been addressed and corrected.

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Definitions:

Valium

A medication primarily used to treat anxiety, muscle spasms, and seizures by having a calming effect on the brain and nerves.

Antianxiety Drug

Medication prescribed to relieve anxiety and reduce tension and fear.

MAO Inhibitor

A class of antidepressant drugs that work by inhibiting the enzyme monoamine oxidase, thus increasing levels of certain neurotransmitters in the brain.

Antianxiety Drugs

Medications designed to reduce symptoms of anxiety through alterations in brain chemistry, promoting relaxation and reducing panic and fear.