Specifications include, but are not limited to: The audit will encompass both a financial and compliance examination of the City of Portsmouth basic financial statements and all supporting and supplementary information, compliance reports and Annual Comprehensive Financial Report (ACFR). The financial and compliance audit will cover federal, state and local funding sources in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in the following: a. Government Auditing Standards issued by the U.S. Government Accountability Office; b. Single Audit Act of 1984 and Single Audit Act Amendments of 1996, if applicable; c. Provisions of the U.S. Office of Management and Budget OMB Circular No. A-133, Audits of States, Local Governments, and Non-Profit Organizations, if applicable; d. Government Auditing Standards and Circular A-133 Audits issued by the American Institute of Certified Public Accountants; and e. All other applicable laws and regulations. 2. The Auditor shall audit the basic financial statements of the City’s governmental activities, its business-type activities, each major fund, and the aggregate remaining fund information of the City as of June 30, 2022, and for the year then ended and the related notes to the financial statement
