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3 in the context of a government audit, what is an opinion unit, and of what significance is an opinion unit to the auditor?
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Nov 23, 2018
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3 in the context of a government audit, what is an opinion unit, and of what significance is an opinion unit to the auditor?
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Quaffel
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Opinion units are defined in the AICPA Audit Guide as follows: Government-wide level (three units): 1. Governmental activities; 2. Business type activities; and 3. Discretely presented component units in the aggregate. Opinion unit to an auditor is the auditor must plan and perform the audit to provide reasonable assurance there are no material misstatements of any of the opinion units.
Ajay H
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Nov 29, 2018
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