CPA Audit [Department of Agriculture] Law and Legal Definition

According to 7 CFR 400.202 [Title 7—Agriculture; Subtitle B -- Regulations of the Department of Agriculture; Chapter IV -- Federal Crop Insurance Corporation, Department of Agriculture; Part 400 -- General Administrative Regulations; Subpart M -- Agency Sales and Service Contract -- Standards for Approval], CPA Audit means “a professional examination conducted by a CPA in accordance with generally accepted auditing standards of a Financial Statement on the basis of which the CPA expresses an independent professional opinion respecting the fairness of presentation of the Financial Statement.”