Can You Omit the MD&A from Governmental Financial Statements?
Omitting the MD&A in governments is not common, but it does occur. According to AU-C 730, the auditor’s report…
Auditing standards are issued by the American Institute of CPAs. Opinions rendered under this set of rules are usually issued in the United States, both for non-governmental and governmental entities. The purpose of the audit standards is to provide a basis for auditors to gain sufficient evidential matter to support the opinions issued. Auditors most commonly issue unmodified opinions, meaning the auditor believes there are no material misstatements in the financial statements.ย
Omitting the MD&A in governments is not common, but it does occur. According to AU-C 730, the auditor’s report…
When is the confirmation of receivables required? Confirmation of Receivables is Usually Required AU-C 330 paragraph 20 states the…
Do the group audit standards apply when one firm audits all of the entities comprising a consolidated whole? Yes….