Specifications include, but are not limited to: 1. The Board desires the auditor to express an opinion on whether the financial statements are fairly presented, in all material respects, in conformity with generally accepted accounting principles and to report on the Schedule of Expenditures of Federal Awards and on compliance with laws and regulations and internal controls as required for a single audit. 2. The auditor is expected to prepare the financial statements and all supporting notes and schedules. 3. The auditor is expected to prepare the Schedule of Expenditures of Federal Awards and all supporting notes and schedules. 4. The auditor is expected to perform a test of existence for inventory items on a sample basis. 5. The auditor is expected to visit each school and test on a sample basis revenues and expenses. 6. As part of the scope of work, the auditor is expected to provide periodic technical advice and assistance to the management of Board on an as needed basis during the life of the contract. This service will be part of the fixed fee quoted for the entire five year term. Additional preparation time is expected in the initial year, as the beginning will not be considered a standard audit.