SIN 520-7 – Financial & Performance Audits.
Financial statement audits, financial-related audits and performance audits conducted to perform an independent assessment of an audited entity’s a) financial statements in conformity with generally accepted accounting principles, b) financial information, adherence to financial compliance requirements and internal controls, or c) organization or program performance to identify areas for improvement. (Former SINs 872-1A, 872-1B, and 872-1C.)
SIN 520-8 – Complementary Audit Services.
Other services performed by auditors including: (a) assistance in developing questions for use at hearings; (b) developing methods and approaches in evaluating a new or proposed program; and (c) forecasting potential program outcomes. (Former SIN 872-1D.)
