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As a newly hired staff auditor, you have been assigned to a governmental engagement that includes a single audit. Your supervisor asks you to familiarize

As a newly hired staff auditor, you have been assigned to a governmental engagement that includes a single audit. Your supervisor asks you to familiarize yourself with OMB's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, the OMB Complaince Supplement, and the Government Accountability Office's Government Auditing Standards. Why are all three resources necessary?

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