The federal Single Audit Act of 1984 requires auditors to determine and report several things about state and local governments that receive federal funds.Which of the following is not normally required to be reported?
A) An opinion on the fair presentation of the financial statements in accordance with generally accepted accounting principles.
B) A report on the government's internal control related to federal funds.
C) The government's performance in meeting goals set in enabling legislation.
D) A report on the government's compliance with applicable laws and regulations.

Question

Quizplus · Accepted Answer

The Single Audit Act does not require auditors to report on the government's performance in meeting goals set in enabling legislation. It focuses on financial statements, internal controls, and compliance with laws and regulations.

The Federal Single Audit Act of 1984 Requires Auditors to Determine