Specifications include, but are not limited to: 1. Auditor’s opinion on the financial statements and on the schedule of expenditures of federal awards. The financial statements include: • Statement of net position; • Statement of revenue, expenses and change in net position; • Statement of cash flows. 2. Schedule of expenditures of federal awards, as required by the Uniform Guidance (only if the Exchange is the recipient of any new federal awards). 3. Report on compliance and on internal control over financial reporting based on an audit of financial statements performed in accordance with Government Auditing Standards. 4. Single audit report on compliance with requirements applicable to each major program and on internal control over compliance in accordance with the Uniform Guidance. 5. Schedule of findings and questioned costs, in accordance with the Uniform Guidance, including the status of uncorrected findings from prior audits.
