Question
Problem 17-12(LO 4) Audit concerns.The city of Lydell expended federal awards from the following programs during 2019. Program Amount Lydell Community Block Grant 800,000 Hazardous
Problem 17-12(LO 4) Audit concerns.The city of Lydell expended federal awards from the following programs during 2019.
| Program | Amount |
| Lydell Community Block Grant | 800,000 |
| Hazardous Waste Management | 350,000 |
| Law Enforcement | 1,000,000 |
| Energy Assistance | 250,000 |
| Economic Development | 100,000 |
| Clean Water Program | 75,000 |
| 2,575,000 |
Assume the auditor has given an unqualified opinion on the financial statements and reports no material weaknesses or reportable conditions in internal control at the financial statement level. Also, assume the auditor has given an unqualified opinion on the schedule of expenditures of federal awards. Programs 4, 5, and 6 are classified as low risk, and Program 2 was assessed as high risk.
1. Which programs should the auditor audit as major programs for the purpose of internal control evaluation and compliance testing for the year 2019?
2. Are there any nonmajor programs the auditor should audit?
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Essentials Of Xbrl Financial Reporting In The 21st Century
Authors: Bryan Bergeron
1st Edition
0471220779, 978-0471220770
