Which of the following statements is not True about the United States government-wide financial report?
A) Since 1997, the financial statements of the U.S. government as a whole have been audited by the GAO.
B) The majority of the 24 major federal agencies required to be audited have received unmodified audit opinions by the GAO.
C) The Comptroller General of the United States has rendered a disclaimer of opinion on the U.S. Government's consolidated financial statements for as long as that office has audited these statements.
D) The federal government received an unmodified opinion from the GAO on the most recent financial statements of the U.S. government as a whole.

Question

Quizplus · Accepted Answer

The federal government has not received an unmodified opinion from the GAO on its consolidated financial statements; instead, the GAO has consistently rendered disclaimers of opinion, indicating that they cannot express an opinion on the financial statements' overall fairness.

Which of the Following Statements Is Not True About the United