Under the Single Audit Act, State and Local Governments and Nonprofit

question 14

True/False

Under the Single Audit Act, state and local governments and nonprofit organizations that receive $100,000 or more in federal financial assistance in any fiscal year, either directly from a federal agency or indirectly through another state or local government entity, are required to have a single annual audit.

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Definitions:

Behavior Feedback Effect

The phenomenon by which performing certain behaviors can influence our thoughts, feelings, and future behavior.

Middle Finger

The third digit of the hand, located between the index finger and the ring finger, often used in many cultures as a gesture of insult or displeasure.

Motion Sensor

A device that detects physical movement in a particular area and is often used in security systems, lighting controls, and interactive technologies.

Empirical Approach

An evidence-based method that draws on observation and experimentation.