Specifications include, but are not limited to: Annual Comprehensive Financial Report The County desires the Contractors to express an opinion on the fair presentation of the County’s general purpose financial statements in conformity with Generally Accepted Accounting Principles (GAAP). The Contractor is not required to audit the combining and individual fund financial statements and supporting schedules contained in the Annual Comprehensive Financial Report (ACFR); however, the Contractor’s is to provide an “in-relation-to” opinion on the combining and individual fund financial statements and supporting schedules based on the auditing procedures applied during the audit of the basic financial statements. The Contractor is not required to audit the introductory or the statistical sections of the report. Reports on Expenditures of Federal Awards and Supplementary Schedules The Contractor is not required to audit the schedule of expenditures of federal awards. However, the Contractor is to provide an "in-relation-to" report on that schedule based on the auditing procedures applied during the audit of the financial statements. Report on Study and Evaluation of Internal Accounting Controls and Other Comments The County also desires the Contractor to prepare for management a report on the internal control structure based on the Contractor's understanding of the control structure and assessment of control risk.
