The City of Indianapolis and Marion County, Indiana require the audit firm to conduct the audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and express an opinion on the fair presentation of the financial statements. The audit firm is not required to audit the supporting schedules contained in the comprehensive annual financial report. However, the audit firm is to provide an "in-relation-to" opinion on the supporting schedules based on the auditing procedures applied during the audit of the basic financial statements and the combining and individual fund financial statements and schedules. The audit firm is not required to audit the introductory section of the report or the statistical section of the report. The auditor shall be responsible for performing certain limited procedures involving required supplementary information required by the Governmental Accounting Standards Board as mandated by generally accepted auditing standards. The City and County require an audit of the Schedule of expenditures as required by Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
