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    Essentials of Accounting Study Set 3
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    Exam 13: Auditing, Tax-exempt Organizations, and Evaluating Performance
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    Assuming an Auditee Is Not Considered Low-Risk, the Auditor Is
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Assuming an Auditee Is Not Considered Low-Risk, the Auditor Is

Question 47

Question 47

True/False

Assuming an auditee is not considered low-risk, the auditor is required to express an opinion on compliance on major programs, which must add up to 50 percent of federal funds expended by the auditee.

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