Tax, Auditing, and Accounting Issues
Research reporting responsibilities, especially the Office of Management and Budget (OMB) Circular A-133.
What are the reporting responsibilities of the auditee if, during a single audit, the auditor identifies a finding?
Explain what is required in each of the following:
The year of the finding
Subsequent years
Use APA style in the body of your posting as well as in the reference section.
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Grading Criteria
Provide a basic explanation of the process on reporting responsibilities. 40%
Exhibit a level of research into the topic. 28%
Discuss the potential ramification of findings on the awarding of future grants. 16%
Use proper formatting for the assignment and references. 16%
Sample Solution
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