An auditor is only required to perform a risk assessment on Type B programs that
A) Exceed the larger of $100,000 or three-tenths of 1% of total federal awards expended if the total is less than or equal to $100 million.
B) Exceed the larger of $100,000 or three-tenths of 1% of total federal awards expended if the total is more than $100 million.
C) Exceed the larger of $300,000 or three-hundredths of 1% of total federal awards expended if the total is less that $100 million.
D) Exceed the larger of $300,000 or three-hundredths of 1% of total federal awards expended if the total is more that $100 million.
Correct Answer:
Verified
Q2: All of the following represent criteria for
Q3: Questioned costs that may not reflect the
Q4: A local government received and expended
Q4: Which single audit report does not include
Q7: Single audits must comply with all of
Q8: Which of the following is not an
Q10: Requirement: Explain the process for identifying major
Q11: Which of the following is true?
A) A
Q11: Answer the following questions related to the
Q12: The scope of a financial audit opinion
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