Under the Single Audit Act, auditors must test for compliance with the specific requirements of all major
Question:
Transcribed Image Text:
Is it required? Statement a. Determine that the organization complies with generaly accepted accounting b. Determine that the organization complies with specific requirements regard- c Determine that wages paid are not more than those established for the local d. Determine that the organization contributes the appropriate amount of its e. Determine that federal funds were spent or obligated within the period of f. Determine whether program income is correctly recorded and used in accor- principles applicable to the program. ing the activities allowed or not allowed by the program. ity of the project by the Department of Labor own resources to the program. availability dance with the program requirements. g. Determine whether subrecipients monitor the compliance of recipients. h. Determine that only registered U.S. citizens work on the program i. Determine that the organization does not contract with vendors that are sus- pended or debarred j. Determine that the organization followed procedures to minimize the time elapsing between the transfer of funds from the U.S. Treasury and their disbursement.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Statement Is it required Comment a Determine that the organization complies with generally accepted ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
Question Posted:
Students also viewed these Auditing questions
-
Compliance auditing performed under the Single Audit Act of 1984 in accordance with GAGAS is necessary for an auditors a. Report on the auditees internal control, including reportable conditions and...
-
State whether each of the following is a linear function. (a) f(x) = 7 - 3 / 2 x (b) f (x) = 3 / 2x + 5 (c) f(x) = x2 + 1
-
State whether each of the following is a boson or a fermion: (a) An electron; (b) A proton; (c) A neutron; (d) A photon; (e) a 12C nucleus; (f) a 13C nucleus; (g) a 12C atom; (h) a 13C atom; (i) an...
-
Consider the decision tree for a company deciding whether to continue product development as shown below. If the company achieves technical success on its own, what is the expected monetary value of...
-
In opsonization with IgG, why is it important that phagocytes recognize the antibodies only after they bind antigen?
-
Consider a convergent-divergent nozzle with an exit-to-throat area ratio of 1.53. The reservoir pressure is 1atm. Assuming isentropic flow, except for the possibility of a normal shock wave inside...
-
Is the collision in Example 10.7 elastic? Data from Example 10.7 Pucks 1 and 2 slide on ice and collide. The inertia of puck 2 is twice that of puck 1 . Puck 1 initially moves at \(1.8 \mathrm{~m} /...
-
In a payroll system with real-time processing of human resource management data, control issues become very important. List some items in this system that could be very sensitive or controversial....
-
(08 Marks) In the Fig.1(c), compare the output of the network, if the activation function is a sigmoid 1 function y=- and (X1, X2) (1, 1). 1+e 1+1 AYY Y YC.) B YC. ye D 46 (06 Marks)
-
Let us return to the Texaco-Pennzoil example from Chapter 4 and think about Liedtkes risk attitude. Suppose that Liedtkes utility function is given by the utility function in Table 14.5. a. Graph...
-
Multiple Choice Questions Select the best answer for each of the following questions. Explain the reasons for your selection. a. Internal auditing can best be described as: (1) An accounting...
-
You are the chief audit executive for the internal auditing function of a large municipal hospital. You receive monthly financial reports prepared by the accounting department, and your review of...
-
Let \(h_{0}(t)\) denote the hazard function when \(\mathbf{x}_{i}=\mathbf{0}\), and \(S_{0}(t)=\exp \left(\int_{0}^{t} h_{0}(u) d u ight)\) be the corresponding survival function. If \(h\left(t,...
-
How can i prepare in Android studio a survey application to be used by surveyors. The interviewer will ask the questions via the mobile application. The survey will be a question entry section and...
-
Question 2 Match the following values to the correct data type. 1234 '5' [Choose ] [Choose] false [Choose] '234972' [Choose ] -87219 [Choose ] "234" [Choose ] > 1 pts
-
Emma is roller skating, skating over a 0 . 9 - m - tall hill. Assuming that she is moving at a speed of 4 . 1 m / s at the top of the peak, what is her speed when she reaches level ground at 0 m ?...
-
7. Can you state that a given integer is prime using the Miller-Rabin test?
-
The function in the query that allows me to choose my favorite fields the tables to constitute the query is called as: one: a . Relationship b . Joint c . Projection d . ion
-
Let (x) = min(x, x 2 ), where min(a, b) is the minimum of a and b. Prove rigorously that lim f(x) = 1. x-1
-
When you weigh yourself on good old terra firma (solid ground), your weight is 142 lb. In an elevator your apparent weight is 121 lb. What are the direction and magnitude of the elevator's...
-
Annular packed beds (APBs) involving the flow of fluids are used in many technical and engineering applications, such as in chemical reactors, heat exchangers, and fusion reactor blankets. It is well...
-
Identify the general responsibilities auditors owe to clients and third parties.
-
Distinguish between common law liability and statutory law liability. Which parties generally bring suit against auditors under common law and under statutory law liability?
-
Distinguish between common law liability and statutory law liability. Which parties generally bring suit against auditors under common law and under statutory law liability?
-
Josh is convinced that subgroups exist within his company current customer base. Further, he believes that these different groups of customers opt to purchase his company brand for different reasons,...
-
Question related to Chick-fil-A Company 1. Why is it important to study a company like Chick-fil-A? 2. What does Chick-fil-A require of its store operators? What does it look for in an employee? How...
-
At the beginning of the case, the author builds a case for 3M's outstanding performance as an innovative company. What evidence does he give? What early product breakthroughs shaped 3M's approach...
Study smarter with the SolutionInn App