A local government has five federal grants. Expenditures amounted to $2,000,000 during the year, as follows:
Type A |
|
HUD grant, new and never audited | $600,000 |
HHS grant, audited last year, no major findings | 500,000 |
Type B |
|
EPA grant | 400,000 |
Summer Youth Employment grant | 450,000 |
Dept. of Agriculture grant | 50,000 |
Describe how you, as an auditor, would determine major programs for audit, assuming (a) the local government is not a low-risk auditee, and (b) the local government is a low-risk auditee.
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