Take the following as truth: The Single Audit Act Amendments of 1996 and Office of Management and Budget (OMB) Circular A-133 on single audits for the distribution of reports on single audits of state and local governmental entities and nonprofit organizations that receive federal awards.
Then the following statement: "1996 was the year that the Single Audit Act Amendments were done." is true, false, or inconclusive?
Answer: True