Which of the Following Is an Objective of Audits Under

question 47

Multiple Choice

Which of the following is an objective of audits under the Single Audit Act? To ensure that

• A) The entity's financial statements are not affected by immaterial errors or misstatements.
• B) The entity has not committed fraud.
• C) The entity has in place a system of internal control sufficient to ensure that financial statements are prepared in accordance with generally accepted accounting principles.
• D) The entity is satisfying the laws, regulations, and provisions that apply to each specific federal award.

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Definitions:

Jackie Robinson

The first African American to play in Major League Baseball in the modern era, breaking the baseball color line when he started at first base for the Brooklyn Dodgers on April 15, 1947.

Interracial Marriages

Interracial marriages are unions between individuals of different racial backgrounds, which have historically faced legal and social challenges.

Anticommunist Groups

Organizations that oppose communism and its spread, often advocating for capitalist or democratic principles as alternatives.

Communist Party Leaders

Individuals at the top of the Communist Party hierarchy, responsible for setting policies and guiding the direction of the party in a country.