The Port Authority seeks a service provider that can provide ACCOUNTING AND AUDITING SERVICES for the Port Authority . In addition to the financial statement audit and Comprehensive Annual Financial Report (CAFR"), the engagement includes the Single Audit associated with the Authority's expenditures of state and federal awards as well as audits of the Authority's retirement plans (Defined Benefit Pension Plan and Other Postemployment Benefit or "OPEB" Trust) and the Promotion and Development ('P&D") Fund. These audits are to be performed in accordance with auditing standards generally accepted in the United States of America, the standards set forth for financial audits contained in Government Auditing Standards (1994) issued by the Comptroller General of the United States, and U.S. Office of Management and Budget (0MB) Uniform Guidance: Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, referred to as the "Omni Circular".
