Specifications include, but are not limited to: 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. ; Informing the organization of requirements of all new accounting and financial reporting pronouncements of the Governmental Accounting Standards Board ;