Specifications include, but are not limited to: The scope of the audit shall include an examination of the general-purpose financial statements, the combining and individual statements of all funds and account groups of the City of Minot and applicable reporting entities, and the schedule of federal financial assistance. The City does not currently include any component units as part of the reporting entity; however, any other qualifying entity shall be included within the scope of the audit. Pension & OPEB trust funds are included within the Comprehensive Annual Financial Report (CAFR). Gallagher Benefit Services, Inc. out of Minnesota furnishes the actuarial report for both Plans. The City currently complies with the provisions of Uniform Guidance. This audit must be made in accordance with these regulations and any other forthcoming regulations. The audit must be made in accordance with generally accepted auditing standards as set forth by the American Institute of Certified Public Accountants, and the standards for financial audits set forth in the U.S. General Accounting Office's Government Auditing Standards.