Specifications include, but are not limited to: Express an opinion on the fair presentation of the combined and combining financial statements (each individual fund) of RIO for the years ending June 30, 2021, 2022, and 2023. The Firm must give an opinion on other supplementary financial information (other than the combining statements) in relation to the financial statements taken as a whole. The firm will report on required supplementary information in accordance with the current guidance from the AICPA. Express an opinion on the fairness of the “Schedule of Employer Allocations” and “Schedule of Pension Amounts by Employer” for the years ending June 30, 2021, 2022, and 2023. Perform testing of census data (as detailed in the SLGEP Pension Whitepaper Series or updated guidance). Audits will be done in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General o the United States, AU-C section 805, Special Considerations-Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement, and Guidelines to Independent Certified Public Accountants Performing Audits of State Agencies, issued by the Auditor. The firm will also follow the guidance of the AICPA Audit and Accounting Guide “audits of State and Local Governmental Units,” and any other applicable AICPA audit and accounting guide. RIO did not receive or expend federal funds during fiscal year 2020 and does not anticipate receiving federal funds in the future.
