A recent single audit report for the County of Alameda, California, contains the following: I. Summary of

Question:

A recent single for the County of Alameda, California, contains the following: €œI. Summary of Auditor€™s Results.€ Based on the content of this chapter, information contained in the AICPA Website (www.aicpa.org) and these excerpts from the county€™s Single analyze and respond briefly to the following questions.
Part 1: Financial Statement Audit (GAGAS). Refer to items 1€“3 in the county€™s Schedule of Findings and Questioned Costs that follows:
a. Which of these is based primarily on the AICPA audit standards? The GAO auditing standards?
b. What are significant deficiencies in internal controls? What are material weaknesses?
c. How could the auditor properly render an unqualified opinion on the if there are material weaknesses in internal controls over financial reporting, significant deficiencies and material weaknesses in internal control over major programs, and several qualified opinions on major program compliance?
Part 2: Single Audit (OMB Circular A-133). Refer to items 4€“9.
d. Explain the focus difference(s) between the item 2 and item 4 reports on internal control.
e. Explain the focus difference(s) between item 3 and item 5.
f. How can a single auditor€™s report contain both qualified and unqualified opinions? Explain.
g. What does the term €œcluster€ mean in item 7?
h. Item 9 states that the auditee is not a low-risk auditee. Explain why the county might not qualify as a low-risk auditee.
COUNT OF ALAMEDA, CALIFORNIA
Schedule of Findings and Questioned Costs
Year ended June 30, 20X3
I. Summary of Auditors€™ Results
1. The type of report issued on the basic Unqualified Opinion.
2. Significant deficiencies in internal control over financial reporting were disclosed by the audit of the basic yes. Material weaknesses: yes
3. Noncompliance that is material to the basic No
4. Significant deficiencies in internal control over major programs: yes.
Material weaknesses: yes
5. The type of report issued on compliance for major programs: Unqualified, except for 10.551, 10.561, 84.027, 93.558, and 93.959, which were qualified
6. Any audit findings that are required to be reported under Section 510(a) of OMB Circular A-133: yes
7. Major programs:

A recent single audit report for the County of Alameda,

8. Dollar threshold used to distinguish between Type A and B programs: $3,000,000
9. Auditee qualified as a low-risk auditee under Section 530 of OMB Circular A-133:No

Audit Report
The audit report is issued by a certified public accountant who is appointed by the shareholders to provide assurance upon the truth and fairness of the financial statements prepared by the managers of the company. Audit report contains the... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...