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derro derro
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A local government received and expended the following federal financial assistance under several programs during 20X4:

Program A   $100,000
Program B   200,000
Program C   650,000
Program D   875,000
Program E   1,025,000
Program F   900,000
Program G     1,000,000
   Total   $4,750,000

Requirements:

A.   Is this government required to have a single audit? Why?
B.   If a single audit is performed on the government, what are its Type A programs?
C.   Assume that the two largest Type A programs that you identified in Part B of this question were audited as major federal financial assistance programs in one of the past two years and that the audits uncovered no findings or questioned costs. Further assume that each of the Type B programs could reasonably be assessed as high-risk programs. Which programs should be audited as major programs? Why?
Textbook 
Governmental and Nonprofit Accounting

Governmental and Nonprofit Accounting


Edition: 11th
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bolbolbolbol
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derro Author
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5 years ago
this is exactly what I needed
deathwing
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Yesterday
Thanks
KaylenePig
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2 hours ago
Thank you, thank you, thank you!
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