Which of the following must have an audit under GAGAS?
A) A state government that receives more than $500,000 in federal awards during the year.
B) A local government that receives more than $501,000 in federal awards during two years.
C) A state government that expends more than $500,000 in federal awards during the year.
D) A local government that expends more than $501,000 in federal awards during two years.
Correct Answer:
Verified
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