 Tests of transactions and account balances are performed to ensure that the information presented in the financial statements, and notes thereof, are presented fairly in all material respects in accordance with generally accepted accounting principles.Additionally, the recipient must prepare a Schedule of Expenditures of Federal Awards (SEFA), which is supplementary information to the financial statements unique to recipients of federal assistance that details all the federal assistance expended by the recipient during the year, categorized by federal program.The auditor must then audit and report on this Schedule "in relation to" the financial statements as a whole.