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1. To provide a basis for an opinion by the Contract Auditor of the reasonable <br /> accuracy of the financial statements of the County of Hawaii and all its <br /> agencies, including the Department of Water Supply (DWS), and of operations <br /> for which the County is responsible. <br /> 2. To ascertain whether or not expenditures and other disbursements have been <br /> made, and all revenues, receipts and receivables to which the County is entitled <br /> or is responsible for having collected and accounted for in accordance with the <br /> laws, rules and regulations, and policies and procedures of the County, the <br /> State of Hawaii and the federal government (where applicable) have been <br /> satisfied. <br /> 3. To evaluate the adequacy, effectiveness, and efficiency of the systems and <br /> procedures for financial accounting, internal and operational controls of the <br /> County and of operations for which the County is responsible. <br /> 4. To ensure that: (1) the funds appropriated to the agencies are being expended <br /> in accordance with the purposes for which they were appropriated and in <br /> accordance with applicable laws, ordinances and regulations; (2) adequate <br /> accounting systems and procedures have been established to safeguard the <br /> public funds and property; (3) accurate and reliable fiscal records are being <br /> maintained; and (4) there is efficiency in operations. <br /> 5. To test, study, examine, evaluate and report on financial statements, internal <br /> accounting and other control systems, and other compliance requirements for <br /> federal assistance programs in accordance with the provisions of the Single <br /> Audit Act, as may be amended, and OMB Circular No. A-133. <br /> 6. As appropriate, to recommend improvements to the internal control, reporting <br /> and accounting systems and procedures of the County agencies. It is <br /> recognized that ordinarily, an audit is not primarily designed to detect loss, <br /> fraud or waste of funds, if such exists. However, the Contract Auditor shall be <br /> mindful of and be alert to such possibility during the course of this audit and to <br /> report such irregularities. <br /> <br /> B. Audit Scope <br /> 1. Generally <br /> The Contract Auditor shall conduct a financial audit of all fund types and <br /> groups in the County and in its Department of Water Supply for each of the <br /> four consecutive fiscal years commencing with the fiscal year ending June 30, <br /> 2002 through June 30, 2005 (July 1, 2001 to June 30, 2005). Each financial <br /> audit shall include the following: <br /> -3- <br /> <br />