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On October 25, 2007, GAO testified before a congressional subcommittee at a hearing entitled, "Single Audits: Are They Helping to Safeguard Federal Funds?" At the hearing, we provided (1) GAO's perspective on the history and importance of the Single Audit Act, as amended (Single Audit Act), and the principles behind the act, (2) our preliminary analysis of the recommendations made by the President's Council on Integrity and Efficiency (PCIE) for improving audit quality, and (3) additional factors to consider for improving the quality of single audits.

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