Specifications include, but are not limited to: DSU desires the auditor to express an opinion on the fair presentation of its basic financial statements in conformity with generally accepted accounting principles. DSU also desires the auditor to express an opinion on the statement of net position and the related statements of revenues, expenses, and changes in net position and cash flows. The Managements Discussion and Analysis is not a required part of the basic financial statements but is supplementary information required by accounting principles generally accepted in the United States of America. Certain limited procedures should be applied which consist principally of inquiries of management regarding the measurement and presentation of the supplemental information. The auditor is not required to audit this information. DSU also desires an audit of federal programs and preparation of tax returns (990).
