Reports to be Issued Clause Samples
The "Reports to be Issued" clause defines the obligation of one party to provide specific reports to another party during the course of an agreement. Typically, this clause outlines the types of reports required, the frequency or schedule for their delivery, and any particular format or content standards that must be met. For example, a contractor may be required to submit monthly progress reports or financial statements to a client. The core function of this clause is to ensure transparency and accountability by establishing clear expectations for information sharing between the parties.
Reports to be Issued. Following the completion of the audit of the fiscal year's financial statements on a fund level the auditor shall issue:
A. A report on the fair presentation of all required financial statements in conformity with generally accepted accounting principles as expressed on a fund level basis (an “in relation to opinion” will not be acceptable).
B. A report on internal control over financial reporting and on compliance and other matters for each financial reporting level receiving an audit opinion.
C. All reports as necessary to comply with current laws and regulations, as amended, relating to Federal grants received by the County and State of Florida financial assistance programs.
D. Any other attestations and reports as may be now or in the future required by Federal Departments, Florida Statutes, Florida Administrative Code, or County bond covenants. This includes, but is not limited to, Title 2 of the Code of Federal Regulations (2 CFR) Sub-Title A, Chapter II, Part 200, et al. Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards HUD Real Estate Assessment Center (REAC) reports, Financial Assessment Subsystem (FASS-PH), County funding of court related obligations [Sec. 29.0085, Florida Statutes, Clerk of Courts compliance report Sec. 28.35(2)(d), Florida Statutes], certification on solid and hazardous waste financial responsibility.
Reports to be Issued. Following the completion of the audit of the fiscal year's financial statements on a fund level the auditor shall issue:
A. A report on the fair presentation of all required financial statements in conformity with generally accepted accounting principles as expressed on a fund level basis (an “in relation to opinion” will not be acceptable).
B. A report on internal control over financial reporting and on compliance and other matters for each financial reporting level receiving an audit opinion.
C. All reports as necessary to comply with current laws and regulations, as amended, relating to Federal grants received by the County and State of Florida financial assistance programs.
D. Any other attestations and reports as may be now or in the future required by Federal Departments, Florida Statutes, Florida Administrative Code, or County bond covenants. This includes, but is not limited to, Title 2 of the Code of Federal Regulations (2 CFR) Sub-Title A, Chapter II, Part 200, et al. Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards HUD Real Estate Assessment Center (REAC) reports, Financial Assessment Subsystem (FASS-PH), County funding of court related obligations [Sec. 29.0085, Florida Statutes, Clerk of Courts compliance report Sec. 28.35(2)(d), Florida Statutes], certification on solid and hazardous waste financial responsibility.
E. Chapter 10.550, Rule 10.556(10) of the Auditor General, State of Florida, provides for examinations of the COUNTY’S compliance, the Board of County Commissioner’s compliance, and the compliance of each Constitutional Officer with Section 218.415, Florida Statutes; the compliance of the Clerk of the Circuit and County Courts’ compliance with Article V requirements of Sections 28.35 and 28.36, Florida Statutes and requirements of Section 61.181, Florida Statutes; and the compliance of community redevelopment agencies with revenues or a total of expenditures and expenses in excess of $100,000 with Sections 163.387(6) and (7), Florida Statutes. In connection with CONTRACTOR’S audit of the COUNTY’S financial statements, CONTRACTOR will provide reports on these examinations.
Reports to be Issued. Following completion of the audits and agreed-upon procedures and a review of the draft reports by the Commission, the Consultant shall issue: • A Management Letter addressed to the SunLine for distribution to the Commission setting forth recommendations (as applicable) for improvements in SunLine’s accounting systems. A draft of the management letter will be provided to the SunLine and the Commission’s management for review prior to publication. • A report on the fair presentation of the Financial Statements for the SunLine and the TDA claimants in conformity with generally accepted accounting principles. • A report on the agreed-upon procedures related to the Measure A recipients of local streets and roads funding. • A report on the agreed-upon procedures related to the Measure A recipients of specialized transit funding. • A single audit report on SunLine’s internal control and compliance with laws and regulations related to audit of the financial statements and federal awards. The report shall include the provisions of the Government Auditing Standards and OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. • A Board of Commissioners or equivalent letter as promulgated by the reporting standards of the Government Auditing Standards.
Reports to be Issued. Upon completion of the audit of the City’s 2007 fiscal year’s financial statements and other required work, the Auditor shall issue reports as required by Paragraph II. D. Reports to be Issued of the RFQ. In addition, the Auditor shall comply with the reporting requirements concerning Irregularities and Illegal Acts set forth in said Paragraph II.D of the RFQ.
Reports to be Issued. Following completion of the audit and preparation of the fiscal year’s comprehensive financial statements and special purpose audits, the Consultant shall issue: • A Management Letter addressed to the Commission setting forth recommendations (as applicable) for improvements in the Commission’s accounting systems. A draft of the management letter will be provided to the Commission’s management for review prior to publication. • A report on the fair presentation of the Basic Financial Statements for the Commission in conformity with generally accepted accounting principles. • A report on the fair presentation of the LTF financial statements in conformity with generally accepted accounting principles. • A report on the fair presentation of the STAF financial statements in conformity with generally accepted accounting principles. • A report on the compliance with the covenants and provisions of the Reimbursement Agreement with Bank of America relating to the Commercial Paper Notes (Limited Tax Bonds) Series A & B. • A report on the agreed-upon procedures related to the Measure A Commuter Assistance Program administered by ITS. • A report on the Appropriations Limit Calculation, as required by Article XIII-B of the California Constitution. • A single audit report on the Commission’s internal control and compliance with laws and regulations related to audit of the financial statements and federal awards. The report shall include the provisions of the Government Auditing Standards and OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. • A Board of Commissioners or equivalent letter as promulgated by the reporting standards of the Government Auditing Standards.
Reports to be Issued. The Auditor will perform the financial condition assessment procedures pursuant to the Rules of the Florida Auditor General or provide the County with documentation of the procedures used to complete the applicable requirements.
2.3.1 Following the completion of the audit of each fiscal year's financial statements during the term of the contract, the Auditor shall prepare and issue:
2.3.2 Report on the fair presentation of the financial statements in conformity with generally accepted accounting principles (Pasco County).
2.3.3 Report on internal control over financial reporting and on compliance and other matters based on an audit of financial statements performed in accordance with Governmental Auditing Standards (Pasco County).
2.3.4 Report on compliance with requirements applicable to each major federal program and state project and on internal control over compliance required in accordance with Title 2 C.F.R Part 200 Subpart F –Audit Requirements and Chapter 10.550, Rules of the Auditor General of the State of Florida.
2.3.5 Schedule of findings and questioned costs for federal awards programs and state financial assistance projects (Pasco County).
2.3.6 Management letters and state reporting requirements (BCC and each Constitutional Officer).
2.3.7 Reports on the fair presentation of special-purpose financial statements in conformity with and on the basis of accounting practices specified by the Rules of the Auditor General, State of Florida (each Constitutional Officer).
2.3.8 Reports on compliance and on internal control over financial reporting based on an audit of special-purpose financial statements performed in accordance with Governmental Auditing Standards (each Constitutional Officer).
2.3.9 Letter to the State of Florida, Florida Department of Environmental Protection, Solid Waste Facility Financial Test to demonstrate financial assurance for closure and/or post-closure costs as specified in Subpart H of 40 CFR Part 264. The County will provide information for the Auditor to prepare said letter. No additional fee will be incurred for this letter or any other landfill reports that may be required by outside agencies.
2.3.10 Other opinions from the Auditor on financial statements, which will be extracted from the ACFR (one or more funds) and prepared by County staff. No additional fee will be paid for these additional opinions, even if other reports are added. Currently, the County prepares the following reports in this manner:
2.3.10.1 Repor...
Reports to be Issued. Following the completion of the audit of each fiscal year's financial statements, the auditor shall issue to the Controller, Audit Committee, County Manager and Grand Jury ▇▇▇▇▇▇▇:
Reports to be Issued. Following the completion of the audit of the fiscal year’s financial statements, the auditor shall issue:
a. A report on the fair presentation of the basic financial statements in conformity with accounting principles generally accepted in the United States.
b. A report on internal control over financial reporting based on the audit of the basic financial statements.
c. A report on compliance with applicable laws and regulations, as required by Government Auditing Standards.
d. A management letter required by Section 11.45(3) (a) 4, Florida Statutes.
e. Reports required by the Single Audit Act of 1984, as amended, and the Florida Single Audit Act to include: • An “in-relation-to” report on the Schedule of Expenditures of Federal Awards and State Financial Assistance. • A single audit report on the internal control structure used in administering Federal awards programs and state financial assistance projects. • A single audit report on compliance with laws and regulations related to major Federal awards programs and state financial assistance projects. This report should include an opinion on compliance with specific requirements applicable to major Federal awards programs and state financial assistance projects.
f. Other required disclosures required by relevant Rules of the Auditor General.
g. COMPREHENSIVE ANNUAL FINANCIAL STATEMENT (CAFR), the City desires the auditor to publish the CAFR using the City’s format and provide (15) bound copies for distribution and a .pdf file that can be used for electronic submission. In the required report(s) on internal controls, the auditor shall communicate any reportable conditions found during the audit. A reportable condition shall be defined as a significant deficiency in the design or operation of the internal control structure, which could adversely affect the organization’s ability to record, process, summarize and report financial data consistent with the assertions of management in the financial statements. Reportable conditions that are also material weaknesses shall be identified as such in the report. Non-reportable conditions and other matters discovered by the auditors shall be reported in a separate letter to management, which shall be referred to in the reports on internal controls. The report on compliance shall include all material instances of noncompliance. All nonmaterial instances of noncompliance shall be reported in a separate management letter, which shall be referred to in the report on comp...