Single Audit Act: First-Year Reporting Has Been Extensive

摘要

The review focused on the extent to which state and local governments that receive direct federal financial assistance are having the required single audits performed. The review also addressed the adequacy of federal initiatives to ensure that state and local governments required to complete single audits are doing so. Three issues concerning problems in implementing the act as well as the quality and usefulness of single audits conducted will be addressed in a future report. The General Accounting Office found widespread compliance with requirements to have single audits performed for the first complete reporting cycle under the act. (kr)