12. The expenditures threshold for having an A-133 single audit (for fiscal years beginning on or after January 1st, 2019) is: a. $750,000. b. all entities are subject to the single audit. c. depends...

12. The expenditures threshold for having an A-133 single audit (for fiscal years beginning on or after January 1st, 2019) is:

a. $750,000.

b. all entities are subject to the single audit.

c. depends on the state the entity is located in.

d. 40% of federal expenditures generally but only 20% if the government is considered to be a low-risk auditee.