18A.) An auditor determines that a client who received a federalgrant fraudulently reported information to the federal government.The clientâs management refuses to acknowledge the fraud. Which ofthe following parties should the auditor contact first?
The recipients of the clientâs services.
The state attorney generalâs office.
The agency that provided the grant.
The state accountancy board.
17B.) Reporting standards for financial audits underGovernment Auditing Standards differ from reportingstandards under generally accepted auditing standards in thatGovernment Auditing Standards require the auditor to
Present the results of the auditorâs tests of economy andefficiency regarding the use of the entityâs resources.
Describe the scope of the auditorâs tests of compliance withlaws and regulations.
Provide negative assurance that the auditor discoveredno transactions that were indicative of illegalacts.
Provide positive assurance that the entityâs audit committee isadequately informed about the effects of any illegal acts.
16 C.) When reporting on an entityâs internal control overfinancial reporting in compliance with generally acceptedgovernment auditing standards, an auditor should issue a writtenreport that includes a
Statement of positive assurance that the results of testsindicate that internal control either can, or cannot, be relied onto reduce control risk to an acceptable level.
Statement of negative assurance that nothing came to theauditorâs attention that caused the auditor to believe significantdeficiencies were present.
Description of the scope of the auditorâs testing of internalcontrol.
Description of the material weaknesses and the strengths thatthe auditor can rely on in reducing the extent of substantivetesting.
18A.) An auditor determines that a client who received a federalgrant fraudulently reported information to the federal government.The clientâs management refuses to acknowledge the fraud. Which ofthe following parties should the auditor contact first?
The recipients of the clientâs services.
The state attorney generalâs office.
The agency that provided the grant.
The state accountancy board.
17B.) Reporting standards for financial audits underGovernment Auditing Standards differ from reportingstandards under generally accepted auditing standards in thatGovernment Auditing Standards require the auditor to
Present the results of the auditorâs tests of economy andefficiency regarding the use of the entityâs resources.
Describe the scope of the auditorâs tests of compliance withlaws and regulations.
Provide negative assurance that the auditor discoveredno transactions that were indicative of illegalacts.
Provide positive assurance that the entityâs audit committee isadequately informed about the effects of any illegal acts.
16 C.) When reporting on an entityâs internal control overfinancial reporting in compliance with generally acceptedgovernment auditing standards, an auditor should issue a writtenreport that includes a
Statement of positive assurance that the results of testsindicate that internal control either can, or cannot, be relied onto reduce control risk to an acceptable level.
Statement of negative assurance that nothing came to theauditorâs attention that caused the auditor to believe significantdeficiencies were present.
Description of the scope of the auditorâs testing of internalcontrol.
Description of the material weaknesses and the strengths thatthe auditor can rely on in reducing the extent of substantivetesting.