What does the SAS 29 Opinion refer to on the Data Collection Form, Financial Statement tab, Question G3000-012?
A16. The SAS 29 Opinion refers to the American Institute of Certified Public Accountants Statement on Auditing Standards Number 29. This SAS addresses the auditor’s opinion on required supplementary information (RSI) that is not part of the basic financial statements. Currently, the RSI for both the Title I and Title II programs is the Net Worth Calculation, as stipulated in the HUD Consolidated HUD Audit Guide http://www.hud.gov/offices/oig/reports/auditguides.cfm. Auditors should include the computation of adjusted net worth and the SAS 29 opinion on it in the hardcopy financial statements.
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