Obtain the most recent audited annual financial report of the U.S. government. It is available from the

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Obtain the most recent audited annual financial report of the U.S. government. It is available from the Government Accountability Office (GAO) at www.gao.gov.


Required
a. Did the GAO give the federal government an unmodified, qualified, adverse, or disclaimer of opinion?
b. What were the material weaknesses cited by the Comptroller General?
c. What CFO Act federal agencies received an unmodified opinion for this fiscal year? (Hint: Read the Management’s Discussion and Analysis.)
d. Did the statements of social insurance receive a clean opinion? If not, why not?

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-1259917059

18th edition

Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely

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