Under the Terms of the Single Audit Act and Its

Multiple Choice

Under the terms of the Single Audit Act and its amendments,what percentage of federal awards expenditures must be selected for audit?

A) High Risk Auditee: 100%; Low Risk Auditee: 50%
B) High Risk Auditee: 100%; Low Risk Auditee: 25%
C) High Risk Auditee: 50%; Low Risk Auditee: 25%
D) High Risk Auditee: 50%; Low Risk Auditee: 0%