We intend to provide an opinion on the following supplementary information in relation to the
financial statements as a whole:
e Supplementary Statements and Schedules
Also, the document we submit to you will include the following other additional information that
will not be subjected to the auditing procedures applied in our audit of the financial statements:
e Introductory Section
® Statistical Section
The Objective of an Audit
The objective of our audit fs the expression of opinions as to whether your basic financial state-
ments are fairly presented, in all material respects, in accordance with generally accepted accounting
principles and to report on the fairness of the supplementary information 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 opinions. We cannot provide assurance that unmodified opinions will
be expressed. Circumstances may arise in which it is necessary for us to modify our opinions or
add emphasis-of-maitter 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 contained 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 mis-
statement. An audit involves performing 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 state-
ments, whether due to error, fraudulent financial reporting, misappropriation of assets, or violations
of laws, governmental regulations, grant agreements, or contractual agreements.
An audit also includes evaluating the appropriateness of accounting policies used and the reason-
ableness of significant accounting estimates made by management, as well as evaluating the overall
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presentation of the financial statements. Our procedures also include certain tests of documentary
