2014 Financial Reporting Check List
2014 Financial Reporting Check List 1. Was your Episcopal Office Audit included with a conference audit?_____Yes_______No 2. Who is the primary employee contact for meeting your audit responsibility? a. b. c. d. e.
Name_______________________________ Position_____________________________ Phone_______________________________ Email_______________________________ Address:______________________________
3. Was a “report on significant deficiencies or material weaknesses in internal control” issued?_______Yes________No If no, be sure that you include a letter stating that one was not issued. 4. If a “report on significant deficiencies or material weaknesses in internal control” was issued, be sure that you include the management responses. These are required whether the responses are included in the “report on significant deficiencies or material weaknesses in internal control” or not. Are the responses in the “report on significant deficiencies or material weaknesses in internal control”?_________Yes___________No If no, are they included with this reporting package?_______Yes_________No 5. Was a “report on significant deficiencies or material weaknesses in internal control” issued in the previous year?______Yes_______No a. Were the reporting situations corrected in the current year?_____Yes_______No b. If no, submit a statement with corrective measures that are being instituted and the status of those. Also describe the effectiveness of those. 6. Your Auditors should automatically issue a separate report communicating with the Management. It is sometimes referred to as a SAS 114 letter. This letter should be included in your reporting package. a. Did you receive a SAS 114 letter? ___________Yes______________No b. If so, include it with this reporting package. c. If not, discuss this with your auditors so that you will be furnished a report next year. On or before July 31, 2015, attach two copies of your 2014 Audited Financial Statements, “report on significant deficiencies or material weaknesses in internal control” and the required responses, SAS 114 Auditor’s communication with Management if available and this check list.
An incomplete or late package shall result in withholding of the office allowance.
Name_______________________________ Position_____________________________ Phone_______________________________ Email_______________________________ Address:______________________________
3. Was a “report on significant deficiencies or material weaknesses in internal control” issued?_______Yes________No If no, be sure that you include a letter stating that one was not issued. 4. If a “report on significant deficiencies or material weaknesses in internal control” was issued, be sure that you include the management responses. These are required whether the responses are included in the “report on significant deficiencies or material weaknesses in internal control” or not. Are the responses in the “report on significant deficiencies or material weaknesses in internal control”?_________Yes___________No If no, are they included with this reporting package?_______Yes_________No 5. Was a “report on significant deficiencies or material weaknesses in internal control” issued in the previous year?______Yes_______No a. Were the reporting situations corrected in the current year?_____Yes_______No b. If no, submit a statement with corrective measures that are being instituted and the status of those. Also describe the effectiveness of those. 6. Your Auditors should automatically issue a separate report communicating with the Management. It is sometimes referred to as a SAS 114 letter. This letter should be included in your reporting package. a. Did you receive a SAS 114 letter? ___________Yes______________No b. If so, include it with this reporting package. c. If not, discuss this with your auditors so that you will be furnished a report next year. On or before July 31, 2015, attach two copies of your 2014 Audited Financial Statements, “report on significant deficiencies or material weaknesses in internal control” and the required responses, SAS 114 Auditor’s communication with Management if available and this check list.
An incomplete or late package shall result in withholding of the office allowance.
