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Author Question: When a state or local government agency receives federal funds, it is subject to the audit requirements of (Read 96 times)

xman15.

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Question 1

The Single Audit Act requires that an audit be conducted for recipients who receive total federal funds in any fiscal year of more than
◦ $1,000,000.
◦ $750,000.
◦ $500,000.
◦ $100,000.

Question 2

When a state or local government agency receives federal funds, it is subject to the audit requirements of

Yellow BookSingle Audit ActOMB Circular A-133
YesYesNo


Yellow BookSingle Audit ActOMB Circular A-133
NoNoYes


Yellow BookSingle Audit ActOMB Circular A-133
YesYesYes


Yellow BookSingle Audit ActOMB Circular A-133
YesNoNo


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Marked as best answer by xman15. on Aug 21, 2022

kugyo01

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xman15.

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


ricroger

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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