The services that will be required shall include: I. An independent financial audit of the financial statements for the purposes of forming an opinion of the basic financial statements and to determine whether operations were conducted in accordance with all statutory and legal requirements, including a report on internal control over financial reporting and on compliance and other matters based upon the audit performed in accordance with Government Auditing Standards; II. An independent audit in accordance with OMB A-133 for each federal program requiring such audit in any fiscal period. MassTech Collaborative anticipates being awarded as a subrecipient under a federal grant. As stated above, we do not anticipate exceeding the annual dollar threshold requiring an A-133 audit until FY2021. III. Informing the organization of requirements of all new accounting and financial reporting pronouncements of the Governmental Accounting Standards Board (“GASB”) and other applicable standards.