Go to the website of the town where you reside and find the Comprehensive Annual Financial Report
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Go to the website of the town where you reside and find the Comprehensive Annual Financial Report (CAFR). Find and print the auditor’s report. Warning: Be careful! CAFRs can be more than 100 pages, so make certain you’re printing only the auditor’s report.
Required:
a. Who audited the financial statements in the CAFR?
b. How does the auditor’s report compare to the three-paragraph standard report used when auditing for- profit companies’ financial statements?
c. What additional paragraphs were added to the report?
Financial StatementsFinancial 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...
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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