A CPA has conducted an audit of the financial statements of an entity that received federal financial assistance. The CPA identified one major federal program and four nonmajor federal programs. The CPA’s responsibility related to the Schedule of Expenditures of Federal Awards is to:
Express an opinion as to whether the Schedule is fairly presented.
Express an opinion as to whether the Schedule is fairly presented in relation to the financial statements taken as a whole.
Express negative assurance on the Schedule.
The CPA has no responsibility with regard to the Schedule.