Which of the following statements concerning the identification of a Type A low-risk program is true?

Question

Quizplus · Accepted Answer

According to the Single Audit Act, a Type A program can be considered low-risk if it has been audited as a major program in one of the last two years, and the current year had no reportable audit findings. Therefore, option A is the correct answer. Option B is incorrect because it does not take into account the current year's audit findings. Option C is incorrect because it only considers audit findings within the last two years and does not take into account the current year's audit findings. Option D is incorrect because Type A programs can be classified as low-risk if they meet the criteria outlined in the Single Audit Act.

Which of the Following Statements Concerning the Identification of a Type