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Answer the subsequent questions regarding the federal government's financial statements:
A. Who issues the audit estimation 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 basic reasons for this opinion (according to Scott Bell of the U.S. Treasury Department)?
C. 31 of 35 important reporting agencies received unqualified opinions for FY 2012. Show the four which did not and show the type of opinion each received (according to Scott Bell of the U.S. Treasury Department)?
D. Show the Statement of Social Insurance and what information does it report? What was the FY 2012 figure reported as Total Social Insurance Expenditures, Net?
Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?
Code of Ethics for Professional Accountants
Prepare Swag's consolidated balance sheet
Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to
Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors
Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.
State whether Event is adjusting or non-adjusting event.
As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.
To identify principal audit risk and corresponding audit procedures
Show the audit inherent risk and rate the risk as low, medium or high.
Explain the role of the following three 'bodies' in National Health Reform
Prepare a memo on the 'state of the company's industry' and associated risk factors.
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