Which of the following is not a required component of the audit report for a single audit?
A) A report on internal control over financial reporting and compliance with federal statutes, regulations, and the terms and conditions of the federal award.
B) An opinion on the completeness of the schedule of expenditures.
C) A report on compliance for each major program and on internal control over compliance.
D) A schedule of findings and questioned costs.

Question

Quizplus · Accepted Answer

A report on the completeness of the schedule of expenditures is not a required component of the audit report for a single audit. The other options listed (A, C, and D) are required components according to Generally Accepted Government Auditing Standards (GAGAS).

Which of the Following Is Not a Required Component of the Audit