Required information Using the annual financial report obtained for Exercise 11, answer the following questions:...
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Accounting
Required information Using the annual financial report obtained for Exercise 11, answer the following questions: a. Examine the auditor's report. Is the auditor identified as an independent CPA firm? A state audit agency? Other? Is the wording of the auditor's report the same as illustrated in this chapter? Does the scope paragraph indicate exactly what is covered by the auditor's opinion? If the auditor is expressing an opinion only on the basic financial statements, what responsibility is taken for the combining and individual fund statements? Is the opinion unmodified? If not, what are the qualifications? Required information Using the annual financial report obtained for Exercise 11, answer the following questions: a. Examine the auditor's report. Is the auditor identified as an independent CPA firm? A state audit agency? Other? Is the wording of the auditor's report the same as illustrated in this chapter? Does the scope paragraph indicate exactly what is covered by the auditor's opinion? If the auditor is expressing an opinion only on the basic financial statements, what responsibility is taken for the combining and individual fund statements? Is the opinion unmodified? If not, what are the qualifications
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