For a Government That Has Less Than $100 Million in Total

question 18

Multiple Choice

For a government that has less than $100 million in total federal awards expended, an auditor must perform a risk assessment on a federal program classified as a Type B program

• A) If program has not been assessed in last three years.
• B) Every two years.
• C) If federal awards expended under the program exceed $100,000.
• D) If federal awards expended under the program exceed $300,000.

---

Definitions:

Subject Matter

The specific topic, content, or area of focus of a discussion, study, or document.

Impossibility of Fact

A situation where the completion of a contractual duty or obligation cannot occur due to unforeseen and unavoidable factual circumstances.

Hardship Rule

A legal principle allowing for the modification or termination of a contract when unforeseen hardships render its performance impractical or excessively burdensome.

Counteroffer

A proposal made in response to an initial offer, which effectively rejects the original offer and proposes new terms for agreement.