A local government has four federal grants.Expenditures amounted to $1,000,000 during the year ended June 30,2012,as follows:
A.Which grants would the auditor be required to audit,assuming the government is not found to be low risk?
B.Which grants would the auditor be required to audit,assuming the government is found to be low risk?

Question

A local government has four federal grants.Expenditures amounted to $1,000,000 during the year ended June 30,2012,as follows:
  A.Which grants would the auditor be required to audit,assuming the government is not found to be low risk?
B.Which grants would the auditor be required to audit,assuming the government is found to be low risk?

Quizplus · Accepted Answer

The Answer of A local government has four federal grants.Expenditures amounted to $1,000,000 during the year ended June 30,2012,as follows:
  A.Which grants would the auditor be required to audit,assuming the government is not found to be low risk?
B.Which grants would the auditor be required to audit,assuming the government is found to be low risk?

A Local Government Has Four Federal Grants