Principles Of Auditing & Other Assurance Services
Principles Of Auditing & Other Assurance Services
21st Edition
ISBN: 9781259916984
Author: WHITTINGTON, Ray, Pany, Kurt
Publisher: Mcgraw-hill Education,
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Chapter 21, Problem 23RQ
To determine

Provide criticism on the given quotation related to tests of compliance in Generally Accepted Government Auditing Standards.

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When auditors become aware of noncompliance with a law or regulation committed byclient personnel, the primary reason that the auditors should obtain a better understanding ofthe nature of the act is toa. Recommend remedial actions to the audit committee.b. Evaluate the effect of the noncompliance on the financial statements.c. Determine whether to contact law enforcement officials.d. Determine whether other similar acts could have occurred.
ADCB conducts regular internal investigations and audits to comply with regulatory requests. These internal audits are not that important. Is the statement True or False? Choose the correct option and select SUBMIT. False. True.
Ward is auditing an entity’s compliance with requirements governing a major federalfinancial assistance program in accordance with the Single Audit Act. Ward detectednoncompliance with requirements that have a material effect on the program. Ward’sreport on compliance should express(1) no assurance on the compliance tests.(2) reasonable assurance on the compliance tests.(3) a qualified or adverse opinion.(4) an adverse opinion or a disclaimer of opinion
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