state the audit results, referencing: the opinion on the financial statements; whether the entity had effective internal control over financial reporting (including safeguarding assets) and compliance with laws and other matters; whether the financial management systems substantially complied with the entity’s requirements of FFMIA; reportable non-compliance with provisions of laws tested or other matters; and other significant matters identified by the auditors. indicate the degree of responsibility the IG is taking for the work, i.e.: auditors’ no assurance (IG did not review work); or auditors’ negative assurance on compliance with GAGAS (IG reviewed work and review auditors’ disclosed no instances where auditors did not comply, in all material respects, with GAGAS. 2. The reports should be dated November 15, 2018 or prior. auditors’ 3. The report on the financial statements may be: OMB Bulletin 17-03, auditors’ Audit Requirements for combined with the reports on internal control over financial reporting and on auditors’ Federal Financial compliance with laws, regulations contracts, and grant agreements, in which case there Statements (17-03), should be an introduction summarizing key findings in the audit of the financial statements para 7.1 and the related internal control and compliance work; or separate from the reports on internal control over financial reporting and compliance with laws, regulations contracts, and grant agreements, in which case there should be a reference to
state the audit results, referencing: the opinion on the financial statements; whether the entity had effective internal control over financial reporting (including safeguarding assets) and compliance with laws and other matters; whether the entity’s financial management systems substantially complied with the requirements of FFMIA; reportable non-compliance with provisions of laws tested or other matters; and other significant matters identified by the auditors. indicate the degree of responsibility the IG is taking for the auditors’ work, i.e.: no assurance (IG did not review auditors’ work); or negative assurance on compliance with GAGAS (IG reviewed auditors’ work and review disclosed no instances where auditors did not comply, in all material respects, with GAGAS. 2. The auditors’ reports should be dated November 15, 2018 or prior. 3. The auditors’ report on the financial statements may be: combined with the auditors’ reports on internal control over financial reporting and on compliance with laws, regulations contracts, and grant agreements, in which case there should be an introduction summarizing key findings in the audit of the financial statements and the related internal control and compliance work; or separate from the reports on internal control over financial reporting and compliance with laws, regulations contracts, and grant agreements, in which case there should be a reference to OMB Bulletin 17-03, Audit Requirements for Federal Financial Statements (17-03), para 7.1