Gearty & Duffy, Certified Public Accountants, Have Been Engaged to Perform

Multiple Choice

Gearty & Duffy, certified public accountants, have been engaged to perform an audit of Sleepy Knoll Township in accordance with OMB Circular A-133. In connection with that engagement, Gearty & Duffy will determine major programs:

A) Using a list of programs included in the work plan of the Office of the Inspector General.
B) By applying only a specific dollar threshold, where all programs exceeding the threshold would be considered major.
C) By applying a risk-based approach.
D) By testing enough grants to achieve a single specific coverage percentage.