The Single Audit Act Reduces the Need for Federal Agencies

question 63

True/False

The Single Audit Act reduces the need for federal agencies to conduct, and for recipients of federal financial assistance to undergo, multiple separate financial and compliance audits.

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Definitions:

Globalisation

The method through which companies or various organizations gain international influence or begin functioning globally.

Resource Utilisation

The effective and efficient use of resources, such as time, money, and materials, to achieve defined objectives.

Goal Attainment

The process of setting, pursuing, and achieving objectives, often involving planning, effort, and persistence.

Organisational Performance

A measure of how efficiently and effectively an organization meets its objectives.