Answered

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Which of the following statements about the single audit is correct?

a. It does not apply to nongovernmental not-for-profit organizations.
b. It is intended to ensure maximum effectiveness, by conducting audits on a grant-by-grant basis.
c. Its purpose is to improve the financial management of state and local government with respect to federal financial assistance programs.
d. All of the above are correct.

Sagot :

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