Audit 28792

Title: BASIS OF PRESENTATION Accounting Policies: Principles of Consolidation: The accompanying consolidated schedule of expenditures of federal awards include the accounts of The National Association of State Workforce Agencies and The Center for Employment Security Education and Research, Inc. (collectively referred to as the Organization). All significant intra-entity transactions and balances have been eliminated in consolidation.Basis of Accounting: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying consolidated schedule of expenditures of federal awards (the Schedule) includes the federal grant award activity of The National Association of State Workforce Agencies and subsidiary (the Organization) under programs of the federal government for the year ended September 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the consolidated financial position, consolidated changes in net assets, or consolidated cash flows of the Organization.