University of Oregon 2019 Annual Financial Report slide image

University of Oregon 2019 Annual Financial Report

MMOSSADAMS Report of Independent Auditors on Compliance for the Major Federal Program and on Internal Control Over Compliance as Required by the Uniform Guidance Members of the Board of Trustees University of Oregon Report on Compliance for Each Major Federal Program We have audited the University of Oregon's ("UO") compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on UO's major federal program for the year ended June 30, 2019. UO's major federal program is identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. Management's Responsibility Management is responsible for compliance with federal statutes, regulations, and the terms and conditions of its federal awards applicable to its federal programs. Auditor's Responsibility Our responsibility is to express an opinion on compliance for UO's major federal program based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and 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). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about UO's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for the major federal program. However, our audit does not provide a legal determination of UO's compliance. Opinion on Each Major Federal Program In our opinion, UO complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on it major federal program for the year ended June 30, 2019. 2019 Annual Financial Report | 51
View entire presentation