The federal law that established uniform requirements for audits of federal assistance provided to state and local governments is called
A)the Single Audit Act of 1984.
B)the Uniform Requirements Act of 1992.
C)the Sarbanes-Oxley Act or 2002.
D)the Audit Reduction Act of 1985.

Question

Quizplus · Accepted Answer

The Single Audit Act of 1984 established uniform requirements for audits of federal assistance provided to state and local governments. This act requires that auditors provide an opinion on both the fair presentation of financial statements and the internal controls over financial reporting for the audited entity. It also requires that auditors identify and report on any noncompliance with laws, regulations, and grant agreements related to the federal funds received by the audited entity.

The Federal Law That Established Uniform Requirements for Audits of Federal