An audit in accordance with the Single Audit Act does not involve reporting upon:
A)Compliance with provisions of laws that may have a direct and material affect on each major federal financial assistance program.
B)Financial statements.
C)Internal control over operations.
D)Schedule of expenditures of federal awards.

Question

Quizplus · Accepted Answer

The Single Audit Act focuses on compliance with laws, financial statements, and the schedule of expenditures of federal awards, but not specifically on internal control over operations.

An Audit in Accordance with the Single Audit Act Does