One of the Primary Purposes of the Single Audit Act

question 56

Multiple Choice

One of the primary purposes of the Single Audit Act of 1984 (amended in 1996) is to:

• A) Detect fraud, waste and abuse in government entities.
• B) Promote the efficient and effective use of audit resources.
• C) Make audit activity legal at the federal level.
• D) Allow federal auditors greater access to government entities receiving federal funds.

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Definitions:

Nominal Data

Data classified into categories that cannot be ordered or ranked.

Proportional Slice

A proportional slice refers to a segment of a whole, such as in a pie chart, where each slice’s size represents its proportion in relation to the total.

Nominal Data

Data that are categorized into distinct groups and names, without any order or ranking.

Frequency Distribution

A table or graph that displays the frequency of various outcomes in a sample.