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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
ACC431BAssessment 1-Student document-s2016Assessment Project 1 Oakland County (100 points)Governmental and Non-Profit AccountingACC431BStudents: Use the Oakland County Audit report from September 2014To work on this assessment. Name________________________Number Question Answer Page Points Independent Auditor’s Report 1 What is the name of the firm that performed the audit? 42 What is Management’s Responsibility? 43 What is the Auditor’s responsibility? 44 What is the Auditor’s opinion on the financial statements? 45 What is the date of the auditor’s report 4 Management’s Discussion and Analysis 6 The set of basic financial statements include which two statements? a)
b) 87 Into what three categories are the county’s funds divided? a)b)c) 128 What three governmental funds are designated as major funds? a.b.c. 129 What are the seven enterprises funds? a)b)c)d)e)f)g) 2810 What is the Standards and Poor’s rating for Oakland County? 4 Notes to Basic Financial Statements 11 Note 1: The statements for Oakland County have been prepared in conformity to what established principles? 412 Note 1: What is the accepted standard-setting body for Oakland County? 413 Note 12: What does PERS stand for? 414 Note 12: How are investments reported? 4 Total 100 pts.
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