An Unmodified Audit Opinion Rendered on a Governmental Unit's Basic

question 22

Multiple Choice

An unmodified audit opinion rendered on a governmental unit's basic financial statements means those statements:

• A) Have been certified as free from error.
• B) Did not require modifications by the auditor.
• C) Present the entity's financial position fairly in conformity with GAAP.
• D) All of the above.

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Definitions:

Expert Power

The influence and authority someone has due to their specialized knowledge or expertise.

Coercive Power

A form of power that is based on the ability to deliver punishments or impose sanctions on others.

Referent Power

is the influence one has over others based on their loyalty, respect, or admiration towards the person.

Expert Power

Influence or authority derived from the expertise, skills, or knowledge that a person has in a particular area.