A Single Audit Conducted Pursuant to the Single Audit Act

question 52

Multiple Choice

A single audit conducted pursuant to the Single Audit Act Amendments of 1996 requires which of the following types of audits?

• A) Financial Audit: Yes; Performance Audit: No
• B) Financial Audit: No; Performance Audit: No
• C) Financial Audit: No; Performance Audit: Yes
• D) Financial Audit: Yes; Performance Audit: Yes

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Definitions:

Superior

Someone or something that is higher in rank, quality, or importance than others.

Traits

Characteristic patterns of thought, emotion, and behavior that are relatively stable over time and across situations, distinguishing one person from another.

Social Allergy Effect

A phenomenon where repeated exposure to a small irritating behavior in a close relationship leads to an increasingly larger annoyance or distress.

Annoyed

Feeling bothered, irritated, or displeased.