1. The audit shall consist of an examination of all funds and account groups of the District including financial aid funds, student body funds, cafeteria funds, and any other funds under the control or jurisdiction of the district to obtain reasonable assurance about whether the financial statements are free of material misstatement. In addition, the successful bidder will also complete an audit for San Joaquin Delta College, the Delta College Foundation, the Measure L Bond Program, and the Measure K Bond Program; there will be three audit reports required. The auditor will determine whether the financial statements present fairly, the financial position and the results of the organization's financial operations in accordance with generally accepted accounting principles. The audit shall be conducted in accordance with generally accepted auditing standards as adopted by the American Institute of Certified Public Accountants (AICPA). The examination shall comply with the auditing standards applicable to financial audits contained in Government Auditing Standards (GAS), issued by the Controller General of the United States; and in conformity with general accepted accounting principles related to governmental units and California Community College Districts. 2. The examination shall also be made in compliance with the laws of the State of California, in particular California Code of Regulations, and applicable directive and executive orders published by the California Community College system in the Contracted District Audit Manual.
