The Auditor of State Award is presented to local governments and school districts upon the completion of a financial audit. Entities that receive the award meet the following criteria of a "clean" audit report:
- The entity must file timely financial reports with the Auditor of State's office in accordance with GAAP (Generally Accepted Accounting Principles):
- The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings or questioned costs;
- The entity's management letter contains no comments related to:
b. Questioned costs less than $10,000
c. Lack of timely report submission
d. Reconciliation
e. Failure to obtain a timely Single Audit
f. Findings for recovery less than $100
g. Public meetings or public records