Specifications include, but are not limited to: Annual Services. The Auditor will annually prepare: • Audits of LAVTA’s financial statements; • Issuance of annual Independent Auditor’s report on financial statements, supplemental information and single audit report; • Independent Auditor’s report on Transportation Development Act compliance; • Independent Auditor’s report on Regional Measure BB compliance; • Report on internal control over financial reporting and on compliance and other matters performed in accordance with Government Auditing Standards; • Report on compliance with requirements applicable to each major program on internal control over compliance in accordance with Circular A-133; • Preparation of a management letter report on LAVTA’s internal accounting controls and other matters affecting its financial condition; • Submission of the independent auditor’s position to the Federal Clearinghouse website; • Assistance with the preparation of the Annual Comprehensive Financial Report (ACFR). Additionally, the Auditor may be consulted occasionally throughout the year as an information resource. LAVTA may also ask the Auditor to provide guidance on implementation of Governmental Accounting Standards Board (GASB) requirements and specifics of Federal and State regulations as they may affect local government accounting.