Question: North County School District expended $ 1 , 4 5 0 , 0 0 0 in federal financial assistance this year. Required: Is North County

North County School District expended $1,450,000 in federal financial assistance this year.
Required:
Is North County School District required to have an audit in accordance with the Single Audit Act? Explain.
What are the requirements of an audit in accordance with the Single Audit Act?

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