1. The audit shall be in compliance with applicable standards of auditing (Generally Accepted Auditing Standards, or GAAS) as set forth by the American Institute of Certified Public Accountants, the standards for financial audits contained in Generally Accepted Governmental Auditing Standards (GAGAS) issued by the Comptroller General of the United States, and the requirements of 7 CFR Part 1773, Policy on Audits of Rural Utilities Services (RUS) Borrowers (Part 1773). 2. Presentation of completed audit to Board of Commissioners. 3. Provide State Auditor’s Office with unrestricted access to review audit documentation including administration and planning files, except for those documents determined to be attorney-client privileged. 4. Preparation of Single Audit Report as required by OMB Circular A-133 for Federal Awards, when applicable.
