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QSSB Audit Guidelines

QSSB Audit Guidelines. QSSBs are required to submit their audited financial statements and supplemental disclosures as specified in the online compliance manual found on USB’s website. For FY11, staff-provided additional disclosures were acceptable.

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QSSB Audit Guidelines

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  1. QSSB Audit Guidelines • QSSBs are required to submit their audited financial statements and supplemental disclosures as specified in the online compliance manual found on USB’s website. • For FY11, staff-provided additional disclosures were acceptable. • For FY12, all required disclosures must be included in the QSSB audited financial statement package.

  2. QSSB Audit Guidelines (cont) Information typically found missing from the FY11 audit reports were the following: • Fiscal year budgeted amounts and prior year comparative per financial statements. • Contracts in process – funds committed, funds expended and remaining balance.

  3. QSSB Audit Guidelines (cont)Sample Schedule of Activities – Actual/Budget

  4. QSSB Audit Guidelines (cont)Sample Contracts in Process

  5. Questions Mike Heyer mheyer@unitedsoybean.org 636.681.1256

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