• Express an opinion and issue report on the Operating Division of the District’s financial statements, based upon auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. File the issued report with Federal and State regulators as required (in collaboration with District personnel).
• Express an opinion and issue report on the District’s compliance with federal programs based upon the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). The review is also commonly known as a Federal Single Audit. File the issued report with Federal and State regulators as required (in collaboration with District personnel).
• File the District’s annual fiscal report with the Washington State Auditor’s office within the filing requirement deadline (in collaboration with District personnel).
• Perform and complete the District’s audit review between February 1 and April 10, based upon mutually agreed upon dates.
• Present a summary of the annual audit review to the District Commissioners and Senior Management in April or May, based upon a mutually agreed scheduled Board meeting. Depending on the circumstances, the presentation may be virtual or in person, although in person is preferred.
• Be available periodically during the year for questions relating to accounting standards/practices, internal controls, accounting policies and Uniform Guidance regulations.
Please review the submittal requirements in the Fiscal Audit Request Document.