Question: course auditing - Under the Single Audit Act, auditors must test for compliance with the specific requirements of all major programs. State whether each of

course auditing - Under the Single Audit Act, auditors must test for compliance with the specific requirements of all major programs. State whether each of the following is required under that act: choose reuired, not required 1. determine that the organization complies with GAAP applicable to the program 2. determine that the organization contributes the appropriate amount of its own resources to the program 3. determine whether program income is correctly recorded and used in accordance with the program requirements. 4. determine that the organization does not contract with vendors that are suspended or disbarred. 5. determine that the organization followed procedures to minimize the time elapsing between the transfer of funds from the US Treasury and their disbursement.

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