Specifications include, but are not limited to: 1. Financial Statement Audit. An annual financial statement audit, accompanied by a Single Audit, when applicable, to determine whether NMHIX’s financial statements are fairly presented in all material respects in accordance with generally accepted accounting principles (GAAP). 2. Programmatic Audit. An annual programmatic compliance audit to determine whether the Exchange is meeting the programmatic requirements specified in subparts D and E of 45 CFR § 155 or other annual requirements specified by CMS. 3. Financial Audit Reporting. The selected Offeror will provide the following reports related to the financial statement audit: • Independent Auditor’s Report identifying the financial statements audited and expressing the Auditor’s opinion on the financial statements and on the schedule of expenditures of federal awards, if applicable. • Financial statements: o Statements of Net Position o Statements of Revenues, Expenses, and Changes in Net Position o Statements of Cash Flows o Notes to Financial Statements • Required Supplementary Information required by generally accepted government auditing standards (GAGAS). • Independent Auditor’s Report on internal control over financial reporting in accordance with Government Auditing Standards, identifying any deficiency in internal control. • Schedule of expenditures of federal awards, if applicable. • Single audit report on compliance for each major program and on internal control over compliance required by the Uniform Guidance, if applicable. • Schedule of findings and questioned costs, if applicable. • A summary of auditor’s results. • Management’s corrective action plan, if applicable.
