Laserfiche WebLink
The audit report shall state that the audit was performed in <br />accordance with the provisions of OMB Circular A -128 (or A -110 as <br />applicable). <br />The audit report shall include: <br />1) The auditor's report on financial statements and on a <br />schedule of federal assistance; the financial statements; and a <br />schedule of federal assistance, showing the total expenditures for <br />each federal assistance program as identified in the Catalog of <br />Federal Domestic Assistance. Federal programs or grants that have <br />not been assigned a catalog number shall be identified under the <br />caption "other federal assistance ". <br />2) The auditor's report on the study and evaluation of <br />internal control systems must identify the organization's <br />significant internal accounting controls, and those controls <br />designed to provide reasonable assurance that federal programs are <br />being managed in compliance with laws and regulations. <br />It must also identify the controls that were evaluated, the controls <br />that were not evaluated, and the material weaknesses identified as a <br />result of the evaluation. <br />3) The auditor's report on compliance containing: <br />a) A statement of positive assurance with respect to <br />those items tested for compliance, including compliance with law and <br />regulations pertaining to financial reports and claims for advances <br />and reimbursements; <br />b) Negative assurance on those items not tested; <br />c) A summary of all instances of noncompliance; <br />Page 12 <br />