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:

Mario Savio

An American activist and a key member of the Berkeley Free Speech Movement, known for his passionate speeches calling for academic freedom and reform of university policies in the 1960s.

American Society

The social structure, cultural practices, and historical development of the United States, influenced by diverse ethnic backgrounds and ideologies.

Crises

Situations of severe difficulty or danger, often in politics, society, or the economy, that requires immediate action and resolution.

Short-Term Consequences

Effects or outcomes of an action, decision, or event that appear or are felt immediately or within a relatively brief period after.