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17-14. Audit of U.S. Government-wide Annual Report. (1017-4) Obtain the most recent audited annual financial...

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Accounting

17-14. Audit of U.S. Government-wide Annual Report. (1017-4) Obtain the most recent audited annual financial report of the U.S. government. It is available from the Government Accountability Office (GAO) at www. gao. gov. Required a. Did the GAO give the federal government an unmodified, qualified, adverse, or disclaimer of opinion? b. What were the material weaknesses cited by the Comptroller General?

c. Did the statements of social insurance receive an unmodified opinion? If not, why not? d. Discuss some of the long-term fiscal challenges facing the U.S. government identified in the audited annual financial report of the U.S. government.

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