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Which of the following is an intended characteristic of the Single Audit Act of 1984? Group of answer choices No additional testing of internal controls
Which of the following is an intended characteristic of the Single Audit Act of 1984? Group of answer choices No additional testing of internal controls for each major program. No additional testing of compliance with applicable laws and regulations for each major program. Greater efficiency compared to having multiple audits of the entity conducted on a grant-by-grant basis. Only one single report issued to cover fairness of financial statements, internal control over financial reporting, and compliance with applicable laws and regulations.
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