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1992-1998-FISCAL AUDITS
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1992-1998-FISCAL AUDITS
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in compliance with applicable laws and regulations. Because of inherent limitations <br /> in any internal control structure, errors, irregularities, or instances of noncompliance <br /> may nevertheless occur and not be detected. Also, projection of any evaluation of <br /> the structure to future periods is subject to the risk that procedures may become <br /> inadequate because of changes in conditions or that the effectiveness of the design <br /> and operation of policies and procedures may deteriorate. <br /> For the purpose of this report, we have classified the significant internal control <br /> structure policies and procedures used in administering federal financial assistance <br /> programs in the following categories: <br /> ACCOUNTING CONTROLS: <br /> • Treasury/financin <br /> 9 <br /> • Revenues/receipts <br /> • Purchases/disbursements <br /> • External financial reporting <br /> ADMINISTRATIVE CONTROLS OVER FEDERAL PROGRAMS <br /> GENERAL REQUIREMENTS: <br /> • Political activity <br /> • Davis-Bacon Act <br /> • Civil rights <br /> • Cash management <br /> • Relocation assistance and real property acquisition <br /> • Federal financial reports <br /> • Allowable costs/cost principles <br /> • Drug-Free Workplace Act <br /> • Administrative requirements <br /> i <br /> SPECIFIC REQUIREMENTS: <br /> • Type of service <br /> • Eligibility <br /> • Matching level of effort <br /> • Reporting <br /> • Cost allocation <br /> • Special requirements <br /> For all of the internal control structure categories listed above, we obtained an <br /> understanding of the design of relevant policies and procedures and determined <br /> whether they have been placed in operation, and we assessed control risk. <br /> i <br /> i <br /> I <br /> 23 <br />
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