Wixon & Co., CPAs, is performing an audit of the City of Brummet for the year ended

Question:

Wixon & Co., CPAs, is performing an audit of the City of Brummet for the year ended June 30, 200X, in accordance with Generally Accepted Government Auditing Standards. During the course of the audit, Gerald Yarnell, a senior auditor, discovers violations of laws and regulations that constitute material instances of noncompliance.
a. Explain how these violations may affect the auditors' reports.
b. How would your answer to (a) change if management elected to correct the for the violations?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...