U.S. Department of the Treasury: "Form of Process and Controls Attestation of Independent Auditor: Proposed Revision"

Summary

A Public Comment Draft dated 11/20/23 of the Treasury form of Process and Controls Attestation of Independent Auditor for a Recipient under its Letter Agreement with the United States Department of the Treasury. In the draft, the auditors state that the Recipient engaged them to perform an agreed-upon procedures engagement on its Initial Supplemental Report or Quarterly Supplemental Reports for the fiscal year, conducted under attestation standards established by the AICPA. Their report on that engagement is to be attached as Appendix A. The attestation is delivered under Section 4.1(d)(ii) of the Agreement and warns of fine, imprisonment, or both for a knowing and willful false statement.

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Cite this document

“U.S. Department of the Treasury: ‘Form of Process and Controls Attestation of Independent Auditor: Proposed Revision.’” Original at home.treasury.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/u-s-department-of-the-treasury-form-of-process-and-controls-attestatio-9f17b744d9/, SHA-256 90bd708d2ed8b3dc7dd874d7b7f3771663c33762cdac11aae761d325c1a06a27.

Full text

                                                                         Public Comment Draft
                                                                                    11/20/23
     FORM OF PROCESS AND CONTROLS ATTESTATION OF INDEPENDENT
                             AUDITOR

     SUPPLEMENTAL REPORT PROCESS AND CONTROLS ATTESTATION OF
                [RECIPIENT]’S INDEPENDENT AUDITOR

In connection with that certain Letter Agreement, dated [          ], 20[ ] (the “Agreement”)
by and between [RECIPIENT] (the “Recipient”) and the United States Department of the Treasury
(the “Investor”), the undersigned does hereby attest as follows:

   1. We are independent auditors for the Recipient.

   2. We were engaged by the Recipient to perform an agreed-upon procedures engagement with
      respect to the Recipient’s [Initial Supplemental Report/Quarterly Supplemental Reports]
      filed and/or amended during the fiscal year completed on [DATE] and conducted our
      engagement in accordance with attestation standards established by the AICPA. Our report
      regarding this agreed-upon procedures engagement is attached as Appendix A hereto.

   3. We acknowledge that a knowing and willful false or fraudulent statement made in
      connection with this certification may be punished by fine, imprisonment, or both. (See,
      for example, 18 U.S.C. 1001).

The foregoing attestations are made and delivered as of [                       ] pursuant to
Section 4.1(d)(ii) of the Agreement.

Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them
in the Agreement unless otherwise stated.

                                   [Signature page follows]
                                                                   Public Comment Draft
                                                                              11/20/23
IN WITNESS WHEREOF, this Attestation has been duly executed and delivered as of the [   ]
day of [      ], 20[ ].




                                               [AUDITOR]


                                               By:
                                                     Name:
                                                     Title:

File and source

File: TREAS-AuditorProcessandControlsAttestationRevised-PublicComment112023.pdf
Size: 111,177 bytes
SHA-256: 90bd708d2ed8b3dc7dd874d7b7f3771663c33762cdac11aae761d325c1a06a27
Our copy: TREAS-AuditorProcessandControlsAttestationRevised-PublicComment112023.pdf
Original: home.treasury.gov