Which of the Following Statements Concerning the Single Audit Act

question 22

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 $500,000 a year in federal financial assistance are required to have a single audit.
• B) Those entities expending under $500,000 a year in federal awards are 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.

---

Definitions:

Accountability Act

Legislation that sets standards or requirements for entities to be responsible for their actions, often pertaining to the safeguarding of personal data or ensuring professional conduct.

Standards of Care

Accepted methods and practices a healthcare practitioner follows for treating a patient, which are considered acceptable by peer professional organizations.

Nursing Standards

Guidelines and requirements for the professional practice of nursing that ensure quality care.

Sue for Malpractice

The act of filing a legal claim against a healthcare professional or organization for negligence or failure to provide the standard care, resulting in harm or injury.