Assuming an Auditee Is Considered Low-Risk, the Auditor Is Required

question 137

True/False

Assuming an auditee is considered low-risk, the auditor is required to express an opinion on compliance on major programs, which must add up to 25 percent of federal funds expended by the auditee.

---

Definitions:

Capitalism

An economic system based on private ownership of the means of production and the creation of goods and services for profit in competitive markets.

Lone Parenting

The act of raising children by a single parent, without the support or partnership of the other biological parent.

Singlehood

The state of being unmarried or not involved in a romantic relationship.

Divorce

The legal dissolution of a marriage by a court or other competent body.