In a Single Audit of Federal Financial Assistance Programs,which of the Following

question 66

Multiple Choice

In a single audit of federal financial assistance programs,which of the following does the auditor not need to determine and report for each organization?

• A)An expanded scope audit of economy,efficiency,and program results.
• B)That the financial statements are presented fairly in accordance with GAAP.
• C)That an adequate internal control system is in place.
• D)That the laws and regulations have been complied with.

Comprehend the challenges and methods of cost-benefit analysis in evaluating public projects.

Identify common resources and understand the Tragedy of the Commons along with potential solutions to mitigate its effects.

Distinguish between different types of goods (private, public, club, common resources) based on their characteristics.

Realize the significance of corrective taxes and tolls in addressing overuse of common resources and congestion.