Question: The Single Audit Act applies to: Multiple Choice only those state and local governments receiving specified levels of federal financial assistance. all state and local

The Single Audit Act applies to: Multiple Choice only those state and local governments receiving specified levels of federal financial assistance. all state and local governments. all organizations required to have an audit in accordance with Government Auditing Standards. all organizations required to have an audit in accordance with Government Auditing Standards and other organizations that transact business with the federal government

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