Auditors performing audits under the Single Audit Act issue an opinion on whether the Schedule of Expenditures of Federal Awards is fairly stated in all material respects in relation to the basic F/S as a whole. The evidence providing the basis for that opinion is, in large part, from the financial statement audit. True False An auditor sends a standard confirmation to all banks with which the client has done business during the year regardless of the year-end balance because the confirmation also requests information regarding long-term debt. True False