Which of the following is true regarding the Single Audit Act and its amendments?
A) A risk-based approach is used.
B) An opinion is required on compliance of all programs.
C) Both of the above
D) Neither of the above

Question

Quizplus · Accepted Answer

The Single Audit Act uses a risk-based approach to determine which programs are audited, focusing on those that are considered high-risk. An opinion is not required on compliance of all programs, only on major programs.

Which of the Following Is True Regarding the Single Audit