The scope of services will include, but is not limited to, the following: A. The audit firm will perform an audit of all funds of the City. The audit will be conducted in accordance with auditing standards generally accepted in the United States of America, and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller of the United States. B. The annual financial report will be prepared and processed by the audit firm, including government-wide financial statements and fund financial statements, note disclosures, required supplementary information, and combining financial statements. Financial statements shall be fully compliant with all applicable GASB statements. C. The audit firm will express an opinion as to the fair presentation of the basic financial statements of the City, in accordance with GASB, and applicable laws and regulations. The audit firm will also apply limited audit procedures to Management’s Discussion and Analysis (MD&A) and required supplementary information pertaining to the General fund and each major fund of the City. The audit firm will provide the City with assistance in developing necessary charts and tables for the MD&A based on data presented in the ACFR. D. The audit firm will prepare annual financial reports for the Blythe Public Financing Authority. E. The audit firm will be required to prepare accounting and reporting schedules to recognize pension and other post-employment benefit costs based on current actuarial reports and in compliance with GASB reporting requirements. Including but not limited to, calculation and preparation of year-end journal entries.