Your audit of a United Fund agency that received a grant of federal funds included tests of

Question:

Your audit of a United Fund agency that received a grant of federal funds included tests of transactions for compliance with applicable laws and regulations. Indicate whether or not and why you would question the following grant expenditures.

a. Cost of newspaper ad for secretarial assistance.

b. Cost of medical insurance for employees.

c. A $500 contribution to the governor’s campaign fund.

d. Cost of having lunch with the auditors.

e. Cost of a first class airfare to attend a meeting that was necessary for the proper administration of the grant.

f. Cost of a monthly retainer paid to an attorney.

g. Cost of penalty for late filing of a payroll tax return.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing Integrated Concepts And Procedures

ISBN: 9781260299397

5th Edition

Authors: Donald H. Taylor, G. William Glezen

Question Posted: