The Single Audit Act of 1984 Requires an Annual Audit

question 108

Multiple Choice

The Single Audit Act of 1984 requires an annual audit of all governments,agencies,and nonprofit organizations that

• A)receive $300,000 or more federal funds.
• B)receive $500,000 or more federal funds.
• C)spend $300,000 or more federal funds.
• D)spend $500,000 or more federal funds.