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In the handout, you must include information on the required audit reports for government audits. Your handout must also include denitions of {a} signicant deciencies;

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In the handout, you must include information on the required audit reports for government audits. Your handout must also include denitions of {a} signicant deciencies; (b) material weaknesses; [c] illegal acts; (d) noncompliance; (e) fraud; (f) abuse; (g) waste; and [h] questioned costs. For each of these items, you may quote the authoritative literature, but you must provide appropriate citations. In addition, explain the auditors' responsibilities for these items (ah) under government auditing standards and whether these responsibilities differ from generally accepted auditing standards published by the MCPA. Sarah has asked you to specically address the difference between noncompliance and illegal acts in the outline. Sarah suggests that Uniform Grant Guidance Section 2.515, chapters six and seven of the Yellow Book (available online at w. o. ovr' ovau k1.h ), and auditing standards established by the MCPA (available online at WWW] might be helpful in preparing the outline

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