Kent Is Auditing an Entity's Compliance with Requirements Governing a Major

question 18

Multiple Choice

Kent is auditing an entity's compliance with requirements governing a major federal financial assistance program in accordance with the Single Audit Act.Kent detected noncompliance with requirements that have a material effect on that program.Kent's report on compliance should express a(an) :

• A)Unqualified opinion with a separate explanatory paragraph.
• B)Qualified opinion or an adverse opinion.
• C)Adverse opinion or a disclaimer of opinion.
• D)Limited assurance on the items tested.

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Definitions:

Competitive Challenges

Involve the difficulties and obstacles companies face while trying to gain a competitive edge and outperform their rivals in the market.

Talented People

Individuals possessing exceptional abilities, skills, or knowledge that contribute significantly to their fields of activity or organizational goals.

Unlock Potential

The process by which individuals or groups are encouraged and enabled to achieve greater capabilities or achieve new levels of performance.

Human Resource Management

The strategic approach to the effective management of people in an organization, in a way that can help their business gain a competitive advantage.