A local government has four federal programs. Expenditures during the year ended June 30, 2020,...
80.2K
Verified Solution
Link Copied!
Question
Accounting
A local government has four federal programs. Expenditures during the year ended June 30, 2020, are below:
HHS1; new this year and never audited $ 880,000
HHS2; audited last year, no major findings 770,000
Department of Transportation 65,000
Department of Agriculture 485,000
Total Expenditure of Federal Funds $2,200,000
Which Programs would the auditor be required to audit, assuming that all the programs are low risk, explain your reasoning and show your computations?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.