Specifications include, but are not limited to: 1. The audit services provided shall be for the purpose of expressing an opinion on the City of Newark's basic financial statements taken as a whole, in accordance with generally accepted auditing standards as set forth by the American Institute of Certified Public Accountants, the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, and the OMB Circular A-133, "Audits of States, Local Governments, and Nonprofit Organizations." 2. Audit services shall include examination of and reporting on the City's internal control structure, including recommendations on findings, if any. 3. Audit services may include the Single Audit of the financial statement and schedule of federal awards in accordance with OMB Circular A-133, "Audits of States, Local Governments, and Non-profit Organizations."
