Audit Performance

The Single Audit Act is the principal oversight mechanism for the administration of Federal funds. Single Audits are required by the Single Audit Act of 1984, to be completed no later than nine months after the annual period being audited. 

The Guam Department of Education (GDOE) failed to complete Single Audit requirements from Fiscal Years (FY) 1998 to 2002. The Public Auditor of Guam brought these matters to the attention of the Guam Education Policy Board, after GDOE's independent auditors performed an “audibility assessment” of the department in November 2002. The independent auditors opined that GDOE financial records for FY 1998, FY 1999 and FY 2000 were un-auditable in their current state, and recommended that the financial statements for FY 2001 be reconstructed and subject to a full financial audit. 

FY 2018 marked GDOE’s best performance for its Single Audit, with its lowest number of audit findings with no questioned costs and completion of its audit a month earlier than the previous year. In addition, FY 2018 was the sixth consecutive year GDOE had received unmodified (clean) opinions on both its financial statement and Single Audits. This achievement is indicative of GDOE making significant strides toward fiscal responsibility and is one step closer to the goal of requesting for the U.S. Department of Education to revisit the special condition for Single Audits. 

Timeline of Audit-Related Events

GDOE Financial and Single Audit Reports