Does the annual financial report contain a single audit section? If not, does the report...
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Accounting
Does the annual financial report contain a single audit section? If not, does the report refer to the existence of a single audit report? If so, does the report include a Schedule of Federal (and State) Financial Assistance? Are all the reports illustrated in this chapter included? Can you identify the major programs, if any?
137.With regard to the Government Auditing Standards
Differentiate among the different types of professional engagements.
Assume you are auditing a city that has a summer youth employment program. List some factors you might investigate in terms of (1) financial statement audits and (2) performance audits.
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