Audit of and issuance of independent auditor's report on Schedule of Federal Awards. The audit will be based on compliance requirements for all Federal funds expended, including Student Financial Aid programs in accordance with Government Auditing Standards, and the provisions of the Office of Management and Budget (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly referred to as "Uniform Guidance". Includes necessary work on the online Federal Data Collection Form.

Perform certain agreed upon procedures and issue a separate report covering the limited examination of the Intercollegiate Athletic Department and its related support organization, in accordance with the latest version of the NCAA Financial Audit Guidelines.

Issuance of report to Auditor of Public Accounts representing that the firm is in compliance with generally accepted auditing standards and Government Auditing Standards concerning continuing education requirements, independence and peer review.

3.1.10 Provide any additional reports as may be required by the Finance and Administrative Cabinet or the Auditor of Public Accounts of the Commonwealth of Kentucky.

3.1.11 Auditors Communication with Board of Regents Audit and Compliance Committee: Prepare a written report in accordance with AU C 260, Auditors Communication with Those Charged with Governance. Comments presented as part of the report should be well developed and in addition to the required elements, should also contain:

Comments regarding internal control over financial reporting including any material weaknesses and significant deficiencies.

Any other control deficiencies

Other current and future reporting matters

The auditee and Auditor of Public Accounts shall be allowed to access all working papers and audit programs prepared as part of the audit process.

It is expected that essentially all audit fieldwork will be conducted on site for each audit.

The auditor and auditee shall establish the process for how matters are reviewed in order that items of dispute can be resolved at the lowest level and in a timely manner. The auditor shall promptly notify the auditee and the audit committee if the auditor encounters any significant accounting and/or auditing problems, or any situations that would delay timely completion of the audit.

The auditor must commit to completion of fieldwork and delivery of an audit opinion on the consolidated financial statements of the University (including the Eastern Kentucky University Foundation, Inc.) by approximately September 22 of each year.