Standard audit reports for both corporate and government entities include sections addressing both management and auditor responsibilities.

Question:

Standard audit reports for both corporate and government entities include sections addressing both management and auditor responsibilities. In addition to the management and auditor responsibilities sections, what two unique sections would a government audit report contain, if applicable? What is the purpose of each of these sections?

Audit Report
The audit report is issued by a certified public accountant who is appointed by the shareholders to provide assurance upon the truth and fairness of the financial statements prepared by the managers of the company. Audit report contains the...

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