Ward is auditing an entity’s compliance with requirements governing a major federalfinancial assistance program in accordance with the Single Audit Act. Ward detectednoncompliance with requirements that have a material effect on the program. Ward’sreport on compliance should express(1) no assurance on the compliance tests.(2) reasonable assurance on the compliance tests.(3) a qualified or adverse opinion.(4) an adverse opinion or a disclaimer of opinion
Ward is auditing an entity’s compliance with requirements governing a major federalfinancial assistance program in accordance with the Single Audit Act. Ward detectednoncompliance with requirements that have a material effect on the program. Ward’sreport on compliance should express(1) no assurance on the compliance tests.(2) reasonable assurance on the compliance tests.(3) a qualified or adverse opinion.(4) an adverse opinion or a disclaimer of opinion
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ward is auditing an entity’s compliance with requirements governing a major federal
financial assistance program in accordance with the Single Audit Act. Ward detected
noncompliance with requirements that have a material effect on the program. Ward’s
report on compliance should express
(1) no assurance on the compliance tests.
(2) reasonable assurance on the compliance tests.
(3) a qualified or adverse opinion.
(4) an adverse opinion or a disclaimer of opinion
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