Specifications include, but are not limited to: The audit will encompass a financial and compliance examination of the unit’s Comprehensive Annual Financial Report (CAFR). [If the unit does not issue a CAFR, the above should be changed to the basic financial statements, supplementary information and compliance reports.] In accordance with the laws and/or regulations of the State of North Carolina, which include requirements for the minimum scope of the audit? The financial and compliance audit will cover federal, state, and local funding sources in accordance with generally accepted auditing standards; Government Auditing Standards; the Single Audit Act of 1984; the Single Audit Act Amendments of 1996; the provisions of OMB Circular No. A-133, Audits of States, Local Governments, and Non-Profit Organizations, including revisions published in Federal Register June 27, 2003; the State Single Audit Implementation Act; and all other applicable laws and regulations.