Question: 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

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 thatact:
Under the Single Audit Act, auditors must test for compliance

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.

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