Chapter 5
Financial Audits Audit Steps
and Reporting Requirements
our primary objective was not to provide an opinion
on overall compliance with such provisions.
[List provisions tested.1
During our audit, we noted the following instances
of noncompliance.
(Describeeach significant, instance of noncompli-
ance and recommendedcorrective action. One of the
recommendationsshould suggestthat the agency
report these weaknessesin its next Financial Integ-
rity Act report.]
We consideredthese material instancesof noncom-
pliance in forming our opinion on whether the
Administration’s 1Hxx consolidated financial state-
rrrclntsarc pre’sc>nCtYf~airly, in all material rcspcrls,
in c*trnformit.ywith gctncrallyacc’cptcd accacmnting
principlrs, and this rapporttlocs not affec?our report
on 1host ctrr~soIiclalc~f~inancial statcmcnt 5.
Except as described above, the results of our tests
of compliance with laws and regulatirrns indicate
that with respect to the items tested, the Adminis-
tration complied, in all material respects,with the
provisions referred to above. With respect to items
not tested, nothing came t.oour attention that,
causedus to believe that the Administration had
not complied, in all material respects,with these
provisions.
We found other matters involving compliance issues
meriting managcment,‘satt.cntion. They are being
reported separately to management.
Signature G A O , ‘O P - 4 . 1 . 2
Date
Page 49
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applicable requirements of laws and regulations when necessary to satisfy the audit objectives. 9 Where ... applicable laws and regulations and/or misstatc-
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