The auditor shall prepare the following reports at the completion of the audit: ✓ The Independent auditor’s reports on the basic financial statements as required by generally accepted accounting principals. ✓ Independent auditor’s report on internal controls over financial reporting based on an audit of financial statements performed in accordance with Government Auditing Standards. ✓ Independent auditor’s report on compliance based on an audit of financial statements performed in accordance with Government Auditing Standards. ✓ Independent auditor’s report on internal control over compliance for major federal programs in accordance with OMB Circular A-133. ✓ Independent auditor’s report on compliance with requirements applicable to each major program in accordance with OMB Circular A-133 ✓ A summary of auditor’s results and a schedule of findings and questioned costs, if any, required by OMB Circular A-133. ✓ Reporting to the Finance Committee. The auditors shall assure themselves that the County Board’s Finance Committee is informed of each of the following: • The Auditor’s responsibility under generally accepted auditing standards • Significant accounting policies • Management’s judgments and accounting estimates • Disagreements with management • Consultations with other accountants • Audit adjustments • Significant issues discussed with management • Difficulties encountered in performing the audit • Accounting pronouncements • Certain written communications between management and auditor • Letter communicating significant deficiencies and material weaknesses ✓ Other reports as may be required by the standards set forth for governmental financial audits.
