Question

The requirement for a report on the schedule of findings and questioned costs is set forth in the

1. AICPA's Professional Standards
2. GAO's Government Auditing Standards
3. Single Audit Act
4. OMB Circular A‐133

Answer 1

Answer is GAO's Government Auditing Standards

This report should be given by the auditor as per the format in Government Auditing Standards. It is an extra audit report in which auditor is required to report the deficiencies . This is specific report which is needed as per GAO's Government auditing standards. It is not regulated by AICPA professional standards or other act or circular

Hence answer is GAO's Government Auditing Standards