Question $7$

$1$ pts

You are a CPA conducting an audit of the financial statements of an entity that received federal financial assistance. You identified that the entity received funding from one major federal program and four non$-$major federal programs. Your responsibility related to the entity's Schedule of Expenditures of Federal Awards is to:

Express an opinion as to whether the Schedule is fairly presented in relation to the financial statements taken as a whole.

Express negative assurance on the Schedule.

You have no responsibility with regard to the Schedule.

Express an opinion as to whether the Schedule is fairly presented.