A University Received a Significant Grant from the State in Which

question 14

Multiple Choice

A university received a significant grant from the state in which it resides.Which of the following would be of greatest interest to a governmental auditor auditing that grant at the university?

• A)Cash received by the university was deposited in the appropriate account.
• B)The grant is properly recorded on the university's financial statements.
• C)Grant money was spent in accordance with the purpose of the grant.
• D)The person applying for the grant was the person that was utilizing the grant money.

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Definitions:

Disharmony

A state of conflict or disconnection among elements that are meant to work together, often leading to dysfunction or imbalance.

Yin/Yang Theory

A fundamental concept in Chinese philosophy and culture, describing how opposite or contrary forces are interconnected and complementary in the natural world.

Tao

A fundamental concept in Chinese philosophy and religion, usually translated as "the Way," denoting the natural order or a principle that is the source of everything.

Assimilation

The process of integrating new information into existing cognitive structures or knowledge.