Report on Internal Control Over Financial Reporting and Compliance and Other Matters Based on an Audit ofFinancial Statements Performed in Accordance With Government Auditing Standards ("GAGAS Report"). on the Contractor's consideration of internal control over financial reporting and tests of compliance made as part of its audit of the financial statements. MSPA is responsible for providing Contractor with written responses in accordance with Government Auditing Standards to the findings included in the GAGAS Report within 30 days of being provided with draft findings. If such information is not provided on a timely basis prior to release ofthe report., the GAGAS Report will indicate the status of management's responses. While the objective of the Contractor's audit of the financial statements is not to report on the Agency's internal control over financial reporting and the Contractor is not obligated to search for material weaknesses or significant deficiencies as part of its audit of the financial statements, this report will include any material weaknesses and significant deficiencies to the extent they come to our attention. This report will also include instances offraud and noncompliance with provisions of laws or regulations that have a material effect on the financial statements or other financial data significant to the audit objectives and any other instances that warrant the attention of those charged with governance; noncompliance with provisions of contracts or grant agreements that has a material effect on the determination of financial statement amounts or other financial data significant to the audit objectives; or abuse that is material, either quantitatively or qualitatively. The report will describe its purpose and will state that it is not suitable for any other purpose. A Report on Compliance with Requirements That Could Have a Direct and Material Effect on the Federal Program and on Internal Control Over Compliance in Accordance with the Program-Specific Audit Option Required by the Uniform Grant Guidance. In the required audit report on compliance with requirements applicable to each major program and on internal control over compliance in accordance with 0MB Uniform Grant Guidance, Contractor shall communicate the following: Significant deficiencies in internal control over major programs; Significant deficiencies that are also material weaknesses; Material noncompliance with the provisions of laws, regulations, contracts, or grant agreements related to a major program; Known questioned costs which are greater than $25,000...
