If an auditee is not considered low-risk, what percent of federal funds expended are auditors required to express an opinion on? A) 25%. B) 50%. C) 70%. D) 100%.

Question

Quizplus · Accepted Answer

The auditor is required to express an opinion on compliance for major programs, which generally must add up to 50% of the federal funds expended by the auditee. This percentage is reduced to 25% if the auditee is determined by the auditor to be a low-risk auditee.

If an Auditee Is Not Considered Low-Risk, What Percent of Federal