Beginning in 2004, the Requirement for a Single Audit for Organizations

question 95

True/False

Beginning in 2004, the requirement for a single audit for organizations receiving federal funds received increased from $300,000 to $500,000

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Definitions:

Absolute Value

The non-negative value of a number without regard to its sign, representing its distance from zero on the number line.

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases.

Indirect

Referring to a relationship or communication where the effect or message is not directly conveyed, but rather inferred through other means.

Statistical Significance

See Significance level.