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Alright, one of the toughest parts, I think, of dealing with governmental auditing is understanding the variety of governmental auditing reports you may have to deal with. So in this simulation what were going to be looking at is excerpts from different types of reports. You can see across the bottom of the screen here Ive got a number of different options. I have a traditional financial statement audit report. I have a couple times I can use single audit reports or yellow book reports. And I also have some specific schedules. Now, these might be required supplementary information based on a federal regulation or other statute. So we have the schedule of findings and question costs. We also have the schedule of expenditures and federal awards. So what were going to do is try to pick out key words and phrases in each of these questions to help us narrow it down. Now, for an exercise like this, its so important to remember theres no rule that says you have to go in order.
