A. Base Description: Complete annual financial audit of the Spokane Airport and express an opinion on the fair presentation of its Statement of Net Position and the related Statement of Revenues, Expenses, and Changes in Net Position along with the Statement of Cash Flows. B. Auditing Standards: The audit is to be conducted in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States. C. Reports to be issued: 1. Auditor’s report on the fair presentation of the financial statements 2. Auditor’s report on the Airport’s internal control over financial reporting D. Required communication to those charged with governance: 1. The auditor's responsibility under generally accepted auditing standards; 2. The planned scope and time of the audit; 3. Significant findings from the audit; 4. Difficulties encountered in performing the audit; 5. Uncorrected misstatements; 6. Disagreements with management; 7. Management consultation with other accountants; 8. Significant issues discussed or subject to correspondence; 9. Independence; and 10. Illegal acts of which they become aware of. E. Added Alternates are listed separately as additions to the proposal for separate consideration and are to be quoted separately. 1. Conduct audit regarding compliance of Office of Management and Budget (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. a. Issue Auditor’s Report on Compliance for Each Major Program and Report on Internal Control over Compliance in Accordance with The Uniform Guidance; b. Issue Auditor's Report on the Schedule of Expenditures of Federal Awards. 2. Conduct audit of the Passenger Facility Charge (PFC) Program for Compliance with the Requirements of Federal Regulations (14 CFR Part 158), a. Issue Auditor’s Report on Compliance with Requirements That Could have Direct and Material Effect on the Passenger Facility Charge Program; b. Issue Auditor’s Report on Internal Control over Compliance in Accordance with the Passenger Facility Charge Program Audit Guide for Public Agencies, c . and Report on the Schedule of Passenger Facility Charge Program Receipts and Expenditures Used.
