...and regulations affecting the expenditure of Federal funds, financial transactions and accounts, and financial statements and reports of recipient organizations....(including Financial Status Reports, Cash Reports, Subpt. G, Exh. B and claims for advances and reimbursements) contain accurate and reliable financial...

...accepted auditing standards established by the American Institute of Certified Public Accountants. (2) The financial statements are presented fairly in accordance with generally accepted accounting principles. (3) The Federal financial reports (including Financial Status Reports, Cash Reports, and claims for...

...revenues, expenditures, assets, and liabilities are proper and effective; (ii) If the audited entity's financial statements are presented fairly in accordance with generally accepted accounting principles; (iii) If the Federal financial reports (including Financial Status Reports, Cash Transactions Reports,...

...revenues, expenditures, assets, and liabilities are proper and effective; (ii) If the audited entity's financial statements are presented fairly in accordance with generally accepted accounting principles; §3015.74 (iii) If the Federal financial reports (including Financial Status Reports, Cash Transactions...

...ATTACHMENT P (PARAGRAPH 6) PROVIDES THAT AUDITS ARE TO INCLUDE AN EXAMINATION TO DETERMINE WHETHER FINANCIAL STATEMENTS ARE PRESENTED FAIRLY IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. PARAGRAPH 7 PROVIDES FURTHER THAT IN ORDER TO ACCOMPLISH THIS PURPOSE, A REPRESENTATIVE NUMBER OF CHARGES...

...effective control over and proper accounting for revenues, expenditures, assets, and liabilities. (2) The financial statements are presented fairly in accordance with generally accepted accounting principles. (3) The Federal financial reports (including Financial Status Reports, Cash Reports, and claims for...

...revenues, expenditures, assets, and liabilities are proper and effective; (it) If the audited entity's financial statements are presented fairly in accordance with generally accepted accounting principles; (iii) If the Federal financial reports (including Financial Status Reports, Cash Transactions Reports,...

...effective control over and proper accounting for revenues expenditures, assets, and liabilities. (2) The financial statements are presented fairly in accordance with generally accepted accounting principles. (3) The Federal financial reports (including Financial Status Reports, Cash Reports, and claims for...

...an annual audit of the Board's finances and prepare the required opinion as to whether the Board's financial statements are presented fairly in accordance with generally accepted accounting principles. Due to the cost of such audits, the Board requested and received an OMB waiver from these requirements...

...early 2000s, the Sarbanes-Oxley Act of 2002 requires company management to sign a letter stating that the financial statements are presented fairly in accordance with Generally Accepted Accounting Principles, just as the auditors must. Accounting Versus Auditing As we have discussed in previous chapters, accounting...