Specifications include, but are not limited to: Comptroller and the Board are prepared to award a contract for certified public accounting services from qualified, independent certified public accountants or accounting firms to audit and assist in the preparation of the Board’s audited financial statements of the Funds. The audit and the audited financial statements shall be performed and produced in accordance with all of the following requirements and standards: Generally Accepted Accounting Principles (GAAP); Governmental Accounting Standards Board (GASB) requirements; Financial Accounting Standards Board (FASB) pronouncements; Government Auditing Standards; Auditing Standards generally accepted in the United States of America; and Comptroller’s Annual Financial Reporting requirements.
