The Single Audit Act requires that a governmental unit have a single audit if they
A)receive any Federal Funds even on a pass-through basis.
B)are not in compliance with the Federal grant conditions.
C)receive more than $300,000 in Federal funds annually.
D)only receive one Federal grant.

Question

The Single Audit Act requires that a governmental unit have a single audit if they
A)​receive any Federal Funds even on a pass-through basis.
B)​are not in compliance with the Federal grant conditions.
C)​receive more than $300,000 in Federal funds annually.
D)​only receive one Federal grant.

Quizplus · Accepted Answer

The Single Audit Act requires that a governmental unit have a single audit if they receive more than $300,000 in Federal funds annually.

The Single Audit Act Requires That a Governmental Unit Have