We have audited the accompanying Schedule of Financial Position of the Corporation for National and Community Service (Corporation) National Service Trust Fund as of September 30, 2009 and 2008, and the related Schedules of Operations and Changes in Net Position, Budgetary Resources and Trust Obligations for the years then ended. These schedules are the responsibility of Corporation management. Our responsibility is to express an opinion on these schedules based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States; and applicable provisions of Office of Management and Budget Bulletin No. 07-04, Audit Requirements for Federal Financial Statements, as amended. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the schedules are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the schedules. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall schedule presentation. We believe that our audits provide a reasonable basis for our opinion.