Types of Audits Performed

Michigan Office of the
Auditor General
Thomas H. McTavish, C.P.A.
Auditor General

Types of Audits Performed By the OAG

Financial Audits

Financial audits, which include financial statement and financial related audits, are designed to provide reasonable assurance about whether the financial statements (or schedules) of an audited entity are fairly presented in conformity with generally accepted accounting principles.

Single Audits

Single Audits, which are financial audits performed in accordance with the Single Audit Act of 1984, are designed to meet the needs of all federal grantor agencies and other financial report users. Single Audits are financial audits which require additional study and evaluation of the internal control structure and testing of compliance with laws and regulations relevant to federal assistance programs.

Performance Audits

Performance audits, which include economy and efficiency and program audits, are designed to provide an independent assessment of the performance of a governmental entity, program, activity, or function to improve public accountability and to facilitate decision making by parties responsible for overseeing or initiating corrective action.

Performance and Financial Audits

Performance and financial audits are designed to achieve a combination of performance and financial audit objectives.