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A local government received and expended the following federal financial assistance under several programs during...

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Accounting

A local government received and expended the following federal financial assistance under several programs during 20x1, Program A $100,000 Program B 200,000 Program C 650,000 Program D 875,000 Program E 1,025,000 Program F 900,000 Program G 1,000,000 Total $4,750,000 Requirements: 1. Is this government required to have a single audit, Why 2. If a single audit is performed on the government. What are its Type A programs 3. Assume that the two largest Type A programs in one of the past two years and that the audits uncovered no findings or questioned costs. Further assume that each of the Type B programs could reasonably be assessed as high-risk programs. Which programs should be audited as major programs, Why

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