This guide is concerned with audits of Drinking Water State Revolving Fund (DWSRF) programs and the interpretation of the reports and financial statements that result from those audits. The goal of broad audits performed under the Single Audit Act, as amended, is an opinion (or disclaimer of opinion) on the financial statements of the entity being audited. The State Revolving Fund (SRF) program audit should include an opinion (or disclaimer) on whether the program's financial statements are presented fairly. Either way, the goal of the audit is to establish the reliability of the state program's financial statements. As a result, anyone using the financial statements in an analysis of program performance should know whether they can rely on the accuracy of those statements.