Specifications include, but are not limited to: The City of Topeka requires the auditor's opinion on the fair presentation of the financial position of its governmental activities, business-type activities, each major fund, component units, and the aggregate remaining fund information of the City, as well as on the respective changes in financial position and cash flows, where applicable, thereof and the respective budgetary comparison for the City’s General, Special Revenue, Risk funds, in conformity with generally accepted accounting principles (GAAP). To this end, the auditor shall prepare and issue the following reports: A report on the fair presentation of the financial statements in conformity with GAAP. A report on compliance with applicable laws and regulations.