Specifications include, but are not limited to: The purpose of this RFP is to obtain the services of a public accounting firm, whose principal officers are independent certified public accountants, certified or licensed by a regulatory authority of the State of Maine or other political subdivision of the United States, to perform a fiscal and compliance audit of CDS. Government Audit Standards :Standards for Audit of Governmental Organizations, Programs, Activities and Functions” (1988 Revision) states on page2-1: “Financial statement audits determine (1) whether the financial statements of an audited entity present fairly the financial position, results of operations, and cash flows or changes in financial position in accordance with generally accepted accounting principles, and (2) whether the entity has complied with laws and regulations for those transactions and events that may have a material effect on the financial statements.