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made by that government during the fiscal year under audit. Tr <br />I chart below reflects the slSdlng scale requirements for program <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />that will be considered major and, therefore, automatically Include <br /> <br />In the sample of audited major federal assistance programs: <br /> <br />If Total Expenditures From All <br />Federal Assistance Programs Are: <br /> <br /> Then, A NaJor Federal <br />Assistance Program Is One <br />With Total Expenditures Durln~ <br /> The Year tn Excess Of: <br /> <br />$7 billion and over <br />$6-7 billion <br />$5-6 billion <br />$8-5 billion <br />$3-4 billion <br />$2-3 billion <br />$1-2 billion <br />$]00 million - $1 billion <br />$100,000 - $100 million <br /> <br />$20 million <br />$19 million <br />$16 mllllon <br />$19 million <br />$10 million <br />$7 mtlllon <br />$4 million ' <br />SD millton <br />The larger of $300,000 or <br />of total expenditures for a] <br />federal assistance programs. <br /> <br />I <br />I <br /> <br />The number of such transactions selected and tested, and the selei <br />tion and testing of such transactions ts to be based on the profe~ <br />sfonal judgment of the Independent auditor. <br /> <br />Comment: The Act clearly requires the selection and testing ~ <br />transactions from each major federal assistance program. Furthe~ <br />as discussed in a subsequent section entitled "Audit Reports", ti <br />Act requires the auditor to report on whether the government h <br />complied with. laws and regulations that may have a material effe <br />upon each major federal assistance program as well as the combin. <br />financial statements of the government entity. We believ <br /> <br /> <br />