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Class, focusing again on the importance of audits, why might an audit be required of an organization or program?

For example, does anyone recall the "Single Audit Act" that you hopefully talked about (with dozens of other topics) in PA504? Just in simple terms, how does that apply to an organization receiving federal grant money? Is the limit now $300,000 or $500,000 or some other number?

Do you suppose that other grantors might require a nonprofit organization to have a financial audit?

200 words or more APA format

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