Specifications include, but are not limited to: 2.1 Single Audit. Consultant shall perform a Single Audit (the “Audit”) and express an opinion that the general-purpose financial statements are fairly presented, in all material respects, in conformity with GAAP and to report on the Town’s compliance with laws and regulations and its internal controls as required for the Audit. 2.2 Comprehensive Annual Financial Report (“CAFR”). The Town prepares a CAFR each year and submits it to the Government Finance Officers Association (“GFOA”) for review in their Certificate of Achievement for Excellence in Financial Reporting program. Auditor shall review the CAFR application prior to submittal to GFOA. 2.3 Municipal Court. External review of the Town of Chino Valley Magistrate Court every three years performed in accordance with the Minimum Accounting Standards, Compliance Checklist and Guide for External Review by Auditors. The next audit will be required for the fiscal year ending June 30, 2022. 2.4 Auditing Standards. The Audit shall be performed in accordance with: A. Generally accepted auditing standards (“GAAS”). B. GAS. C. The Single Audit Act Amendments. D. The provisions of OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. 2.5 Audit-Related Reports. Following the completion of the Audit of each fiscal year’s financial statements, Consultant shall issue: A. A report on the fair presentation of the financial statements in conformity with GAAP. B. A report on compliance and internal control over financial reporting based on an audit of the financial statements performed in accordance with GAS. C. A report on compliance with requirements applicable to each major program and internal control over compliance in accordance with OMB Circular A-133. D. A report on the Annual Expenditure Limitation Report (AELR) prepared in compliance with ARIZ. REV. STAT. § 41-1279.07. E. A State of Arizona Highway User Revenue Fund (HURF) Compliance Report pursuant to ARIZ. REV. STAT. § 9-481(B)(2) . F. Auditor’s letter of recommendations to management. G. Auditor’s communication with governance. H. A schedule of findings and questioned costs. I. A schedule of expenditures of federal awards.