For Wizard Kim-Wk3D

Discuss the following questions relating to the provisions of the Single Audit Act of 1984 and 1996 Amendments:

1. What is a single audit?

2. How do you determine if your government must have a single audit?

3. Where would you find authoritative guidance on conducting a single audit?

4. Why is the the budgeting of cash-flows arguably the most important budgeting function?

5. Can State governments run deficits like the federal government? Elaborate.