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5) A Uniform Guidance audit is required in which of the following circumstances? a. When an entity receives more than $750,000 of federal grant awards

5) A Uniform Guidance audit is required in which of the following circumstances?

a. When an entity receives more than $750,000 of federal grant awards

b. When an entity expends more than $750,000 of federal grant awards

c. When an entity receives more than $500,000 of federal grant awards

d. When an entity expends more than $500,000 of federal grant awards

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