Multiple Choice
An auditor is only required to perform a risk assessment on Type B programs that
A) Exceed the larger of $100,000 or three-tenths of 1% of total federal awards expended if the total is less than or equal to $100 million.
B) Exceed the larger of $100,000 or three-tenths of 1% of total federal awards expended if the total is more than $100 million.
C) Exceed the larger of $300,000 or three-hundredths of 1% of total federal awards expended if the total is less that $100 million.
D) Exceed the larger of $300,000 or three-hundredths of 1% of total federal awards expended if the total is more that $100 million.
Correct Answer:
Verified
Correct Answer:
Verified
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