TAILIEUCHUNG - STATE OF OREGON STATEWIDE SINGLE AUDIT REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2011

Under our proposals, auditors of local public bodies would continue to follow the auditing and ethical standards set by the Auditing Practices Board. We have considered which body would be best placed to produce the audit Codes of practice and supporting guidance. While this is a role that could possibly be undertaken by the Financial Reporting Council or the profession, we believe that the National Audit Office, given its role in providing Parliament with assurance on public spending, would be best placed to develop and maintain the audit Codes, which would continue to be approved by Parliament. The National Audit. | Secretary of State Audit Report Kate Brown Secretary of State Gary Blackmer Director Audits Division State of Oregon Statewide Single Audit Report For the Fiscal Year Ended June 30 2011 2012-08 March 2012 http . audits State of Oregon STATEWIDE SINGLE AUDIT REPORT For the Year Ended June 30 2011 Office of the Secretary of State Kate Brown Secretary of State Barry Pack Deputy Secretary of State Audits Division Gary Blackmer Director 255 Capitol Street NE Suite 500 Salem OR 97310 503 986-2255 fax 503 378-6767 The Honorable John A. Kitzhaber MD Governor of Oregon We have conducted a statewide audit in accordance with Government Auditing Standards the Single Audit Act Amendments of 1996 U. S. Office of Management and Budget OMB Circular A-133 Audits of States Local Governments and Non-Profit Organizations and the related OMB Circular A-133 Compliance Supplement including any applicable addendums. This report encompasses the year ended June 30 2011 and is required for the State to continue receiving federal financial assistance which as shown in this report totals approximately billion. As required by the Single Audit Act we issued a report dated January 17 2012 on the State of Oregon s financial statements. That report was included in the State of Oregon s Comprehensive Annual Financial Report for the year ended June 30 2011. This report contains the remaining components required by the Single Audit Act Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards. This component contains our report on the State of Oregon s internal control over financial reporting and compliance with laws regulations contracts and grant agreements that affect the financial statements. Part of the schedule of findings and questioned costs relates to this report. Report on Compliance With Requirements That Could Have a Direct .

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