Specifications include, but are not limited to: The audits are to be performed in accordance with generally accepted auditing standards, the Kansas Municipal Audit Guide, and if applicable, the standards set forth for financial audits in GAO’s Government Auditing Standards, the provisions of the Single Audit Act of 1984 and OMB Circular A-133, and the AICPA industry audit guide Audits of State and Local Governmental Units. The financial statements shall be in accordance with the regulatory reporting model used to show compliance with the State of Kansas cash basis and budget law and not the financial reporting model in GASB Statement No. 34. The City of Tonganoxie has adopted an annual GAAP waiver via City Council Resolution.