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KNOWLEDGE CHECK

Single audit
Materiality

Single audit
Materiality

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* In a Single Audit, materiality is determined at what level?

Based on the Uniform Guidance

One overall materiality level based on the total of all federal programs.

It varies. Materiality is determined separately for each major program.

Materiality is not considered in a compliance audit.

One overall materiality level based on financial statement materiality.

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