The Single Audit Act Intends That Auditors Conducting Regular Financial

The Single Audit Act intends that auditors conducting regular financial audits of state and local governments and not-for-profits organizations provide assurance to the federal government that:

A) Federal funds have been expended in accordance with laws and regulations
B) Federal funds are protected through a system of internal controls and sound financial management practices
C) Both A & B
D) None of the above

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