In Accordance with the Single Audit Act of 1984,external Auditors

question 39

Multiple Choice

In accordance with the Single Audit Act of 1984,external auditors issue the standard audit report on the governmental unit's financial statements and must also issue:
I.a special report on the effectiveness with which the governmental unit is achieving its social objectives.
II.a special report on the governmental unit's internal control system.
III.a special report on the governmental unit's compliance with laws and regulations.

• A)I only
• B)I and II
• C)II and III
• D)I,II,and III

---

Definitions:

Fair Housing Act

A U.S. law passed in 1968 that prohibits discrimination in the buying, selling, renting, or financing of housing based on race, religion, national origin, or sex.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Housing Market

An economic segment that deals with the buying, selling, and leasing of properties, including houses and apartments.

Exclusive Right

A privilege or entitlement granted to an individual or entity to be the sole provider or beneficiary of a specific service, product, or activity.