The audit shall be designed to accomplish the following objectives: 1. To determine whether the financial statements present fairly the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information and the respective changes in financial position, where applicable, thereof and the respective budgetary comparison for the major governmental funds involved in conformity with accounting principles generally accepted in the United States of America. In addition, to determine whether the combining and individual non-major fund financial statements are fairly stated in all material respects in relation to the basic financial statements taken as a whole. In addition, to determine whether accompanying supplementary information is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole...
