Specifications include, but are not limited to: The firm shall conduct financial statement audits of the following: State’s Comprehensive Annual Financial Report (CAFR) State of Delaware Single Audit Delaware Department of Transportation, Transportation Trust Fund, and Delaware Transit Authority/Delaware Transit Corporation Delaware State Lottery Delaware State Lottery CAFR The firm shall also conduct an examination of controls at a service organization relevant to user entities’ internal control over financial reporting (SOC 1). This engagement will include a report on management’s description of a service organization’s system and on the suitability of the design and operating effectiveness of the controls (type 2 report) related to First State Financials (FSF) and Payroll Human Resource State Technology (PHRST). FSF and PHRST are PeopleSoft applications used for financial transactions and payroll/human resources, respectively.
