The Single Audit Act of 1984 replaced duplicative grant-by-grant audits with a single audit report on which all agencies can rely.

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The statement is true. The Single Audit Act of 1984 established uniform audit requirements for states, local governments, and non-profit organizations receiving federal awards, and required a single audit report to be submitted to the Federal Audit Clearinghouse. This simplified the audit process and reduced the burden of multiple audits for grant recipients and federal agencies.

The Single Audit Act of 1984 Replaced Duplicative Grant-By-Grant Audits