Specifications include, but are not limited to: a) An audit of the combined statements of net position for all Divisions and Funds of PERA as of December 31, 2020, and the related combined statements of changes in net position for the year then ending or such other statements that may be required by generally accepted accounting principles. The work will include the expression of an opinion at an individual fund level for the State Division Trust Fund, School Division Trust Fund, Local Government Division Trust Fund, Judicial Division Trust Fund, Voluntary Investment Program, Defined Contribution Retirement Plan, Deferred Compensation Plan, Denver Public Schools Division Trust Fund, Denver Public Schools Health Care Trust Fund, Health Care Trust Fund, and the Life Insurance Reserve. i. The audit will include a review of internal control and compliance as required by generally accepted auditing standards and Government Auditing Standards. This includes the identification of PERA’s key information technology systems and determination of the extent of testing to be performed on those systems, in accordance with auditing standards.