Which of the Following Is True Regarding the Single Audit

question 160

Multiple Choice

Which of the following is true regarding the Single Audit Act and its amendments?

• A) Major programs selected for audit must equal 50 percent or more of federal expenditures, unless the organization is deemed to be low risk.
• B) Separate reports are filed with every federal agency from which the audited organization receives funds.
• C) Both A and B above.
• D) Neither A nor B above.

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Definitions:

Crafting a Message

The process of carefully creating a communication to ensure it effectively reaches and influences its intended audience.

Generate

Generate means to produce or create something, often through a process that involves some level of creativity or effort.

Specific Response

A distinct or particular reply to a question, situation, or stimulus.

Distinct Traits

Unique characteristics or qualities that distinguish an individual, object, or idea from others.