Specifications include, but are not limited to: The partner or manager in charge of the audit shall be available to meet with SPSBA staff, the Audit Committee, and the Board, as necessary, to ensure full and proper communications. SPSBA staff will prepare the financial statements and be available during the audit to answer questions and provide additional documentation/supporting schedules. SPSBA and PHEFA follow the accounting and financial reporting standards issued by the Governmental Accounting Standards Board (GASB). As noted in the current audited financials, SPSBA and PHEFA exclude conduit debt obligations, and the related assets held by trustees, from the financial statements. Conduit debt obligations are disclosed in the detailed footnotes to the financial statements