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Test Your Knowledge Audit Realities Select your answer by clicking on it; feedback will appear below in the answer box. Use the scroll bar to the right (if one appears) to see more questions/answers.   1. THE PRINCIPAL INVESTIGATOR IS ULTIMATELY RESPONSIBLE FOR ACCOMPLISHING THE TECHNICAL GOALS OF THE PROJECT AND ALSO FOR FISCAL MANAGEMENT IN ACCORDANCE WITH SPONSOR AND UNIVERSITY GUIDELINES. True False 2. AT THE UNIVERSITY OF ROCHESTER, THE PRIMARY FOCUS OF RECENT AUDIT ACTIVITY IS ON THE UNIVERSITY'S INDIRECT COSTS. True False 3. WHICH OF THE FOLLOWING IS A NOT A POTENTIAL OUTCOME FROM MISMANAGEMENT OF SPONSORED FUNDING? Disallowance of project costs and financial penalties Civil claims against individuals and/or the University Damage to the good name of the University of Rochester Each of the above is a potential outcome     Navigation Tools