Which of the Following Statements Concerning the Single Audit Act

question 12

Multiple Choice

Which of the following statements concerning the Single Audit Act of 1984 (with 1996 Amendments) is correct?

• A) Only those entities receiving over $750,000 a year in federal financial assistance are required to have a single audit.
• B) Those entities expending under $750,000 a year in federal awards may be exempt from single audit requirements.
• C) The Single Audit Act only applies if an entity has high risk programs.
• D) The single audit is optional for all entities receiving federal awards.

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Definitions:

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Interracial

Pertaining to relationships or marriages between people of different racial backgrounds.

Intraracial

Pertaining to relationships or interactions that occur within the same racial group.

Victim-precipitated

Victim-precipitated refers to situations in which a victim’s actions or behavior contribute to the occurrence of a crime against them.