If Required to Perform Risk Assessments on Type B Programs

question 42

Multiple Choice

If required to perform risk assessments on Type B programs, an auditor is permitted to exclude any Type B programs with expenditures that are:

• A) Less than 25% of the Type A threshold.
• B) Less than the larger of $750,000 or 3% of the Type A threshold.
• C) Less than the smaller of $750,000 or 1% of total federal awards expended if the total is less than $100 million.
• D) Less than the smaller of $750,000 or 1% of total federal awards expended if the total is more than $100 million.

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Definitions:

Xanax

A prescription medication used to treat anxiety and panic disorders, known generically as alprazolam.

Prozac

A brand name for Fluoxetine, a type of antidepressant medication belonging to the selective serotonin reuptake inhibitor (SSRI) class, used to treat depression and other mental health conditions.

Chlorpromazine

An antipsychotic medication used in the treatment of schizophrenia, bipolar disorder, and various psychotic disorders, by altering the effects of neurotransmitters in the brain.

Lithium

A medicinal element utilized to manage and prevent manic episodes in individuals with bipolar disorder.