Páginas web encontradas según determinada palabra clave: blogs y redes sociales 67

This illustrative audit report, including the financial statements, footnotes, supplemental schedules, and auditor comments are intended only for informational purposes to provide general assistance to the District’s staff or its auditor. It represents, at best, hypothetical financial statements intended to illustrate various features specific to implementation of GASB Statements. The illustrations that follow are not intended to represent a particular community college district. The independent auditors performing the audit will encounter situations requiring their professional judgment and expertise.

Auditors should consult the actual guidance from AICPA and OMB regarding the latest appropriate language and standards for each of these illustrative reports.

Sample Community College District

Table of Contents Page

Introduction ... 3 Independent Auditor's Report ... 4 Management’s Discussion and Analysis (required supplementary information) ... 6-10

Basic Financial Statements:

Statement of Net Assets ... 12 Statement of Revenues, Expenses and Changes in Net Assets... 13 Statement of Cash Flows ... 14-15 Notes to the Financial Statements ... 16-28 Independent Auditor's Report on Supplemental Information ... 29

Supplementary Information ... 30-34 Organization

Schedule of Federal Financial Awards Schedule of State Financial Awards

Schedule of Workload Measures for State General Apportionment Reconciliation of Annual Financial and Budget Report (CCFS 311)

with Audited Financial Statements

Notes to Supplemental Information ………..….Attachment A Independent Auditor's Report on State Compliance Requirements ... Attachment A

Independent Auditor's Report on Compliance with Requirements that Could Have

a Direct and Material Effect on Each Major Program and Internal Control Over Compliance in Accordance With OMB Circular A-133………..…..Attachment A

Independent Auditor's Report on Compliance and on Internal Control Over

Financial Reporting Based on an Audit of Basic Financial Statements Performed

In Accordance With Government Auditing Standards ... Attachment A Schedule of Findings and Questioned Costs and Summary of Auditor’s Results ... Attachment A

Summary Schedule of Prior Audit Findings... Attachment A

.01 INTRODUCTION

The single audit of the Sample Community College District has the following objectives:¹

 To determine the fairness of presentation of the district's basic financial statements in accordance with accounting principles generally accepted in the United States of America.

 To evaluate the adequacy of the system and provisions affecting compliance with applicable federal and California laws and regulations, with which noncompliance would have a material effect on the district’s financial statements and allowability of program expenditures for federal and California financial assistance programs.

 To evaluate the adequacy of the internal control structure sufficient to meet the requirements of auditing standards generally accepted in the United States of America for the purpose of formulating an opinion on the basic financial statements taken as a whole and sufficient to ensure compliance with federal and state

regulations.

 To determine whether financial and financially related reports to state and federal agencies are presented fairly.

 To recommend appropriate actions to correct any noted areas where internal control compliance with applicable federal and state regulations could be improved.

1. These are meant to be illustrative of those objectives that are common to most audits. The auditor is expected to describe the objectives of their individual audits.

Independent Auditor's Report

Board of Trustees

Sample Community College District Goldfield, California 95814

We have audited the accompanying financial statements of the business-type activities and the discretely presented component unit of the Sample Community College District (District) as of and for the year ended June 30, 20xx, which comprise the District’s basic financial statements as listed in the table of contents. These financial statements are the responsibility of the District's management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing

Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

[Qualification statement placed here, if necessary.]

In our opinion, (except for the qualification [describe qualification] described in the preceding

paragraph), the basic financial statements listed in the aforementioned table of contents present fairly, in all material respects, the financial position of the Sample Community College District as of June 30, 20xx, and the results of its operations, changes in its net assets and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.

In accordance with Government Auditing Standards, we have also issued a report dated October 4, 20xx, on our consideration of the District’s internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts, and grants. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this report in considering the results of our audit.

Management’s Discussion and Analysis (MD&A) on pages 4 through 9 is not a required part of the financial statements but is supplemental information required by the Governmental Accounting Standards Board. We have applied certain limited procedures, consisting principally of inquiries of management regarding the methods of measurement and presentation of the required supplementary information. However, we did not audit the information and express no opinion on it.

Our audit was conducted for the purpose of forming an opinion on the District’s basic financial statements. The accompanying supplementary information listed in the table of contents, including the Schedule of Expenditures of Federal Awards, which is required by the U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information has been subjected to the auditing

procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.

[Signature]

Management’s Discussion and Analysis