The Data Collection Form is required to be submitted within the earlier Gi 30 days after
receipt of our auditors’ reports or nine months after the end of the audit period, unless
specifically waived by a federal cognizant or oversight agency for audits. Data Collection
Forms submitted untimely are one of the factors in assessing programs at a higher risk.
The Objective of an Audit
The objective of our audit is the expression of opinions as to whether your basic financial
statements are fairly presented, in all material respects, in accordance with generally
accepted accounting principles and to report on the fairness of the supplementary infor-
mation referred to in the second paragraph when considered in relation to the financial
statements as a whole. Our audit will be conducted in accordance with auditing standards
generally accepted in the United States of America and will include tests of the accounting
records and other procedures we consider necessary to enable us to express such opin-
ions. We cannot provide assurance that unmodified opinions will be expressed. Circum-
stances may arise in which it is necessary for us to modify our opinions or add emphasis-
of-matter or other-matter paragraphs. If our opinions on the financial statements are other
than unmodified, we will discuss the reasons with you in advance. If, for any reason, we
are unable to complete the audit or are unable to form or have not formed opinions, we
may decline to express opinions or to issue a report as a result of this engagement.
General Audit Procedures
We will conduct our audit in accordance with auditing standards generally accepted in the
United States of America (U.S. GAAS), the standards applicable to financial audits con-
tained in Government Auditing Standards, issued by the Comptroller General of the United
States of America; the audit requirements of Title 2 U.S. Code of Federal Regulations (CFR)
Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements
for Federal Awards (Uniform Guidance). Those standards and the Uniform Guidance require
that we plan and perform the audit to obtain reasonable assurance about whether the
basic financial statements are free from material misstatement. An audit involves perform-
ing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due
to error, fraudulent financial reporting, misappropriation of assets, or violations of laws, gov-
ermnmental regulations, grant agreements, or contractual agreements. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of
significant accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
Internal Control Audit Procedures
Because of the inherent limitations of an audit, together with the inherent limitations of
internal control, an unavoidable risk that some material misstatements or noncompliance
(whether caused by errors, fraudulent financial reporting, misappropriation of assets,
detected abuse, or violations of laws or governmental regulations) may not be detected
exists, even though the audit is properly planned and performed in accordance with U.S.
GAAS and Government Auditing Standards of the Comptroller General of the United States
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