In UtenSilos Blog

Auditor’s reports for a Single Audit

September 15th, 2009

In the United States, Single Audits are performed on various entities who receives federal aid from the U.S. federal government. Auditors who perform these Single Audits are required to emit three Auditor’s report. The first report is a report on the entity’s financial statements as discussed in the previous sections. The other two reports are compliance-oriented reports related to specific requirements of the OMB Circular A-133 and of Government Auditing Standards (otherwise known as the “Yellow Book” standards). The American Institute of Certified Public Accountants (AICPA) provides illustrative audit reports of the OMB A-133 and the Yellow Book reports for auditors who are performing Single Audits.

Entry Filed under: Business