Short Answer Questions Governmental Auditing 134.Describe the types of audit opinions that may be issued on a governmental or not-for-profit financial report. 135.What is an “opinion unit” and...

Short Answer Questions

Governmental Auditing

134.Describe the types of audit opinions that may be issued on a governmental or not-for-profit financial report.

135.What is an “opinion unit” and what are the five opinion units for state and local governments?

136.List and explain the five ethical concepts outlined by the Yellow Book.

137.Describe the different types of governmental audit and attestation engagements.