COM 0291.000 2000-2002 - Laserfiche WebLink

Home

a. Statements of the scope and objectives of the compliance testing and systems and procedures examination; b. An explanation of any violation of Federal, State and County statues, regulations or requirements, including details of the instances of noncompliance, and any expenditure not in accordance with the purposes for which they were appropriated; c. An evaluation of the adequacy and effectiveness of the systems of internal and operational records, forms, policies and procedures, financial reporting and budgetary controls; d. All significant findings of weaknesses and inadequacies in the internal operating controls, accounting and reporting systems and procedures disclosed as a result of the audit; e. A disclosure of any significant loss, waste, fraudulent use, improper or unauthorized expenditure of funds, or any failure to account for revenues, receipt and receivables; f. A disclosure of any significant lack of efficiency or economy in the operations of the agency; and g. Recommendations for improvements. 4. Standards for Reporting on Federal Assistance Programs The Contract Auditor's report shall state that the audit was conducted in accordance with the provisions of the Single Audit Act, as may be amended, and OMB Circular No. A-133, and shall include the following: a. An opinion as to whether the financial statements of the Federal program is presented fairly in all material respects in conformity with the stated accounting policies; b. A report on internal control related to the major Federal program, which shall describe the scope of testing of internal control and the results of the tests; c. A report on compliance which includes an opinion as to whether the auditee complied with laws, regulations, and the provisions of contacts or grant agreements which could have a direct and material effect on the Federal program; and -7-