§ 1773.38 - Scope of engagement.

§ 1773.38 Scope of engagement.

Cross Reference

Link to an amendment published at 88 FR 7565, Feb. 6, 2023.

The audit requirements set forth in § 1773.39 through 1773.45 must this part should be met annually by the auditor during the audit of the RUS auditee's financial statements. The auditor must exercise professional judgment in determining whether any auditing procedures in addition to those mandated by GAGAS or this part should be performed on the auditee's financial records in order to afford a reasonable basis for rendering the auditor's report opinion on the financial statements , report and the reports on internal controls over financial reporting and on compliance and other matters, report on compliance with aspects of contractual agreements and regulatory requirements, control; compliance with provisions of laws, regulations, contracts, and grant agreements; and instances of fraud; and schedule of findings and recommendations.

[88 FR 7565, Feb. 6, 2023]