Question
A local government has four federal programs. Expenditures during the year ended June 30, 2020, are below: HHS1; new this year and never audited $
A local government has four federal programs. Expenditures during the year ended June 30, 2020, are below:
HHS1; new this year and never audited $ 880,000
HHS2; audited last year, no major findings 770,000
Department of Transportation 65,000
Department of Agriculture 485,000
Total Expenditure of Federal Funds $2,200,000
Which Programs would the auditor be required to audit, assuming that all the programs are low risk, explain your reasoning and show your computations?
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Accounting For Decision Making And Control
Authors: Jerold Zimmerman
5th Edition
0072975865, 978-0072975864
