Specifications include, but are not limited to: The chosen firm shall perform the annual independent audit of the District. This shall include, but not be limited to the following: 1. The accounting firm should provide an annual audit report in a form acceptable to the Texas Education Agency and within the time frame stipulated in TEC 44.008 (d) of 150 days after the close of the fiscal year for which the audit was made. 2. The Board Finance/Audit Committee expects to meet with the auditor(s) at least annually. 3. The District can provide partially completed financial statements, notes to financial statements, and supporting schedules for auditor review after the close of the fiscal year. 4. The District intends to sell bonds from time to time, which may require the audited financial statements and Auditor’s opinion to be printed in total or as a part of the section of or addendum to the Official Statement for bond issues. Also, certification may be required for Interest and Sinking Fund Reserve Balances at a point in time other than year-end.