Multiple Choice
A university received a significant grant from the state in which it resides.Which of the following would be of greatest interest to a governmental auditor auditing that grant at the university?
A) Cash received by the university was deposited in the appropriate account.
B) The grant is properly recorded on the university's financial statements.
C) Grant money was spent in accordance with the purpose of the grant.
D) The person applying for the grant was the person that was utilizing the grant money.
Correct Answer:
Verified
Correct Answer:
Verified
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