A government is required to have a single audit for any year in which it expends federal awards of

Question

Quizplus · Accepted Answer

According to the Uniform Guidance, a government must have a single audit for any year in which it expends federal awards of at least $750,000. However, if the government expends between $500,000 and $750,000, it has the option to submit either a single audit or a program-specific audit. Therefore, the correct answer is C, as it falls within the range that requires a single audit.

A Government Is Required to Have a Single Audit for Any