• Financial Audit – The Auditor will examine the financial statements of the Authority in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States; and any applicable state and local requirements. The examination shall result in the preparation of financial statements for the audited records of the Authority with the Auditor’s opinion thereon. The Auditor’s opinion shall be unqualified, and the Auditor shall furnish to the Authority on a timely basis its reasons for disclaiming an opinion, issuing a qualified opinion, or rendering an adverse opinion. • The Auditor shall issue a report on internal controls to the Authority’s Board containing recommendations to strengthen internal control. • The Auditor shall provide an original (along with electronic copy) of the financial statements and Auditors reports for the Authority not later than May 31, of each year.
