Under the terms of the Single Audit Act and its amendments, what percentage of federal awards expenditures must be selected for audit?
A)	50%; or 0% if organization is deemed to be Low Risk Auditee.
B)	50%; or 25% if organization is deemed to be Low Risk Auditee.
C)	100%; or 25% if organization is deemed to be Low Risk Auditee.
D)	100%; or 50% if organization is deemed to be Low Risk Auditee.
Answer:B
Under the terms of the Single Audit Act and its amendments, what percentage of federal awards expenditures must be selected for audit?
A)	50%; or 0% if organization is deemed to be Low Risk Auditee. B)	50%; or 25% if organization is deemed to be Low Risk Auditee. C)	100%; or 25% if organization is deemed to be Low Risk Auditee. D)	100%; or 50% if organization is deemed to be Low Risk Auditee.