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Answer the following problems regarding the federal government's financial statements:

A. who issues the audit opinion on the U.S. Federal Government Consolidated Financial Statements?

B. what was the opinion on the FY 2012 U.S. Federal Government Consolidated Financial Statements? what were the three main reasons for this opinion (according to Scott Bell of the U.S. Treasury Department)?

C. 31 of 35 significant reporting agencies received unqualified opinions for FY 2012. List the four which did not and indicate the type of opinion each received (according to Scott Bell of the U.S. Treasury Department)?

D. what is the Statement of Social Insurance and what information does it report? what was the FY 2012 figure reported as Total Social Insurance Expenditures, Net?

Accounting Basics, Accounting

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  • Reference No.:- M945899

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