The Single Audit Act of 1984 was passed to eliminate the costly practice of requiring separate audits for each federal program in which an organization participated.

Question

Quizplus · Accepted Answer

The Single Audit Act of 1984 was indeed passed to streamline the audit process for organizations receiving federal funds by consolidating multiple audits into a single, comprehensive audit, thereby reducing the administrative burden and cost associated with separate audits for each federal program.

The Single Audit Act of 1984 Was Passed to Eliminate