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 major program expenditures must be selected for audit?

A) 100%; or 25% if organization is deemed to be Low Risk Auditee.
B) 100%; or 50% if organization is deemed to be Low Risk Auditee.
C) 50%; or 0% if organization is deemed to be Low Risk Auditee.
D) 50%; or 25% if organization is deemed to be Low Risk Auditee.