List the federal departments that have sponsored the federal programs, as per the OMB Compliance Supplement referred to in the website mentioned in the question.

Question

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Answer 1

Question

Chapter 11, Problem 14C

a.

To determine

List the federal departments that have sponsored the federal programs, as per the OMB Compliance Supplement referred to in the website mentioned in the question.

b.

To determine

Indicate whether any of the programs listed are part of the same cluster, under single audit.

c.

To determine

Indicate whether any of the federal programs could be classified as Type A programs, and indicate whether any of the programs could be exempted from being assessed under the risk-based approach.

d.

To determine

Identify the programs that would be selected for audit, and mention the reason.

e.

To determine

Explain whether or not the selection of programs for audit would change, if the not-for-profit organization has received unmodified opinion for the last two years and the Head Start program was selected for audit; and indicate the programs to be selected with reason.

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Students have asked these similar questions

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The following lots of Commodity Z were available for sale during the year. Beginning inventory First purchase Second purchase Third purchase 10 units at $30 25 units at $32 30 units at $34 10 units at $35 The firm uses the periodic inventory system, and there are 20 units of the commodity on hand at the end of the year. What is the ending inventory balance of Commodity Z using the weighted average cost method? a. $620 b. $659 c. $690 d. $655

Assume that three identical units of merchandise were purchased during October, as follows: Units Cost Oct. 5 Purchase 1 $ 5 12 Purchase 1 13 28 Purchase 1 15 Total 3 $33 One unit is sold on October 31 for $28. Using the table provided, determine the cost of goods sold using the weighted average cost method. a. $11 b. $17 c. $13 d. $22

Answer 2

Question

Chapter 11, Problem 14C

a.

To determine

List the federal departments that have sponsored the federal programs, as per the OMB Compliance Supplement referred to in the website mentioned in the question.

b.

To determine

Indicate whether any of the programs listed are part of the same cluster, under single audit.

c.

To determine

Indicate whether any of the federal programs could be classified as Type A programs, and indicate whether any of the programs could be exempted from being assessed under the risk-based approach.

d.

To determine

Identify the programs that would be selected for audit, and mention the reason.

e.

To determine

Explain whether or not the selection of programs for audit would change, if the not-for-profit organization has received unmodified opinion for the last two years and the Head Start program was selected for audit; and indicate the programs to be selected with reason.

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Answer 3

Question

Chapter 11, Problem 14C

a.

To determine

List the federal departments that have sponsored the federal programs, as per the OMB Compliance Supplement referred to in the website mentioned in the question.

b.

To determine

Indicate whether any of the programs listed are part of the same cluster, under single audit.

c.

To determine

Indicate whether any of the federal programs could be classified as Type A programs, and indicate whether any of the programs could be exempted from being assessed under the risk-based approach.

d.

To determine

Identify the programs that would be selected for audit, and mention the reason.

e.

To determine

Explain whether or not the selection of programs for audit would change, if the not-for-profit organization has received unmodified opinion for the last two years and the Head Start program was selected for audit; and indicate the programs to be selected with reason.

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Answer 4

Question

Chapter 11, Problem 14C

a.

To determine

List the federal departments that have sponsored the federal programs, as per the OMB Compliance Supplement referred to in the website mentioned in the question.

b.

To determine

Indicate whether any of the programs listed are part of the same cluster, under single audit.

c.

To determine

Indicate whether any of the federal programs could be classified as Type A programs, and indicate whether any of the programs could be exempted from being assessed under the risk-based approach.

d.

To determine

Identify the programs that would be selected for audit, and mention the reason.

e.

To determine

Explain whether or not the selection of programs for audit would change, if the not-for-profit organization has received unmodified opinion for the last two years and the Head Start program was selected for audit; and indicate the programs to be selected with reason.

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Answer 5

Chapter 11, Problem 14C

a.

To determine

List the federal departments that have sponsored the federal programs, as per the OMB Compliance Supplement referred to in the website mentioned in the question.

b.

To determine

Indicate whether any of the programs listed are part of the same cluster, under single audit.

c.

To determine

Indicate whether any of the federal programs could be classified as Type A programs, and indicate whether any of the programs could be exempted from being assessed under the risk-based approach.

d.

To determine

Identify the programs that would be selected for audit, and mention the reason.

e.

To determine

Explain whether or not the selection of programs for audit would change, if the not-for-profit organization has received unmodified opinion for the last two years and the Head Start program was selected for audit; and indicate the programs to be selected with reason.

Answer 6

Chapter 11, Problem 14C

a.

To determine

List the federal departments that have sponsored the federal programs, as per the OMB Compliance Supplement referred to in the website mentioned in the question.

Answer 7

Chapter 11, Problem 14C

a.

To determine

List the federal departments that have sponsored the federal programs, as per the OMB Compliance Supplement referred to in the website mentioned in the question.

Answer 8

b.

To determine

Indicate whether any of the programs listed are part of the same cluster, under single audit.

Answer 9

b.

To determine

Indicate whether any of the programs listed are part of the same cluster, under single audit.

Answer 10

c.

To determine

Indicate whether any of the federal programs could be classified as Type A programs, and indicate whether any of the programs could be exempted from being assessed under the risk-based approach.

Answer 11

c.

To determine

Indicate whether any of the federal programs could be classified as Type A programs, and indicate whether any of the programs could be exempted from being assessed under the risk-based approach.

Answer 12

d.

To determine

Identify the programs that would be selected for audit, and mention the reason.

Answer 13

d.

To determine

Identify the programs that would be selected for audit, and mention the reason.

Answer 14

e.

To determine

Explain whether or not the selection of programs for audit would change, if the not-for-profit organization has received unmodified opinion for the last two years and the Head Start program was selected for audit; and indicate the programs to be selected with reason.

Answer 15

e.

To determine

Explain whether or not the selection of programs for audit would change, if the not-for-profit organization has received unmodified opinion for the last two years and the Head Start program was selected for audit; and indicate the programs to be selected with reason.

Answer 16

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Answer 17

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Answer 18

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Answer 19

Ch. 11 - Prob. 1Q Ch. 11 - Prob. 2Q Ch. 11 - Prob. 3Q Ch. 11 - Prob. 4Q Ch. 11 - Prob. 5Q Ch. 11 - Prob. 6Q Ch. 11 - Prob. 7Q Ch. 11 - Prob. 8Q Ch. 11 - Prob. 9Q Ch. 11 - Prob. 10Q

List the federal departments that have sponsored the federal programs, as per the OMB Compliance Supplement referred to in the website mentioned in the question.

Solution Summary: The author explains the OMB Compliance Supplement, which covers the specific audit requirements necessary for testing the conformity of the program administered by the entity.

List the federal departments that have sponsored the federal programs, as per the OMB Compliance Supplement referred to in the website mentioned in the question.

Indicate whether any of the programs listed are part of the same cluster, under single audit.

Indicate whether any of the federal programs could be classified as Type A programs, and indicate whether any of the programs could be exempted from being assessed under the risk-based approach.

Identify the programs that would be selected for audit, and mention the reason.

Explain whether or not the selection of programs for audit would change, if the not-for-profit organization has received unmodified opinion for the last two years and the Head Start program was selected for audit; and indicate the programs to be selected with reason.

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Chapter 11 Solutions