Question
Assume that programs classified as major federal programs totaled $4,500,000. If the auditee is considered low-risk, the percentage of coverage rule would not be satisfied
Assume that programs classified as major federal programs totaled $4,500,000. If the auditee is considered low-risk, the percentage of coverage rule would not be satisfied if the total federal awards expended were more than:
- $4,500,000.
- $9,000,000.
- $11,250,000.
- $22,500,000.
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
4th Canadian Edition
1119709490, 9781119709497
