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What is the proper format for the opinion on audits of School Activity Funds?

April 26, 2017activity audits format funds Opinion School

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What is the proper format for the opinion on audits of School Activity Funds?

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Because of the nature of School Activity Fund reporting, as prescribed in the Tennessee Internal School Uniform Accounting Policy Manual, certain required financial presentations are not made. As a result, the auditors opinion on the financial statements must be modified. For additional information, please review documents disseminated by the Division of Municipal Audit in February 2007.