Under the terms of the Single Audit Act and its amendments,what percentage of federal awards expenditures must be selected for audit?
A) 50%; or 0% if organization is deemed to be Low Risk Auditee.
B) 50%; or 25% if organization is deemed to be Low Risk Auditee.
C) 100%; or 25% if organization is deemed to be Low Risk Auditee.
D) 100%; or 50% if organization is deemed to be Low Risk Auditee.

Question

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The Answer of Under the terms of the Single Audit Act and its amendments,what percentage of federal awards expenditures must be selected for audit?
A) 50%; or 0% if organization is deemed to be Low Risk Auditee.
B) 50%; or 25% if organization is deemed to be Low Risk Auditee.
C) 100%; or 25% if organization is deemed to be Low Risk Auditee.
D) 100%; or 50% if organization is deemed to be Low Risk Auditee.

Under the Terms of the Single Audit Act and Its