Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781259917059
Author: RECK, Jacqueline L., Lowensohn, Suzanne L., NEELY, Daniel G.
Publisher: Mcgraw-hill Education,
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Question
Chapter 11, Problem 19.8EP
To determine
Find the correct option, the option that indicates the programs that must be audited by the auditor as the major programs.
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Pittman City was required to have a single audit due to its spending of a large amount of Federal grant funds. The auditor
determined that three of the grants would be classified as "High Risk A" and eight would be "Low Risk A". How many "High Risk B"
grants will the auditor now select?
A
1
B 2
C) 3
D
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23. Which of the following types of audits is designed to determine that an organization has complied with the specific requirements of major financial assistance programs?
Group of answer choices
An audit in accordance with Government Auditing Standards.
A single audit.
An audit in accordance with generally accepted auditing standards.
An operational audit.
The External Auditors of Mutual Life Ltd. are planning to use its internal auditors' work for the audit. They have to do some checks to include the internal auditors' reporting arrangements and qualifications. The external auditors did a test of entries in the non-current assets register and the updating movements on the annual budget were done. The external auditors having satisfied themselves with the quality of work that was done by conducting the entries.
Required:
In addition to the above test, state other types of tests that could be used to prove the completeness of the non-current assets records, including the non-current assets register.
Chapter 11 Solutions
Accounting For Governmental & Nonprofit Entities
Ch. 11 - Prob. 1QCh. 11 - Prob. 2QCh. 11 - Prob. 3QCh. 11 - Prob. 4QCh. 11 - Prob. 5QCh. 11 - Prob. 6QCh. 11 - Prob. 7QCh. 11 - Prob. 8QCh. 11 - Prob. 9QCh. 11 - Prob. 10Q
Ch. 11 - Background. Lake View Mental Health Affiliates, a...Ch. 11 - Prob. 12CCh. 11 - Prob. 14CCh. 11 - Custer County receives pass through funds from the...Ch. 11 - Prob. 16CCh. 11 - The city council members of Laurel City are...Ch. 11 - Prob. 19.1EPCh. 11 - Prob. 19.2EPCh. 11 - Prob. 19.3EPCh. 11 - Prob. 19.4EPCh. 11 - Prob. 19.5EPCh. 11 - Prob. 19.6EPCh. 11 - Prob. 19.7EPCh. 11 - Prob. 19.8EPCh. 11 - Dan Cole is the head of the countys Division of...Ch. 11 - Prob. 19.10EPCh. 11 - Prob. 19.11EPCh. 11 - Prob. 19.12EPCh. 11 - Prob. 19.13EPCh. 11 - Prob. 21EPCh. 11 - Prob. 22EPCh. 11 - Prob. 23EPCh. 11 - Prob. 24EPCh. 11 - Prob. 25EP
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