Specifications include, but are not limited to: 1. County’s Comprehensive Annual Financial Report – The financial statements of the County and School Board shall be audited in accordance with auditing standards generally accepted in the United States of America; the standards for financial audits contained in Government Auditing Standards issued by the Comptroller General of the Commonwealth of Virginia’s Auditor of Public Accounts. The audit shall result in the rendering of the auditor’s opinion on the financial statements prepared by the County and School Board. If the auditor’s opinion is other than unmodified, the reasons for qualifying the opinion, disclaiming the opinion, or rendering an adverse opinion shall be furnished to the County on a timely basis. 2. Internal Controls When Auditing Financial Statements – The Auditor should consider, test, and report on internal controls in accordance with auditing standards generally accepted in the United States of America, Government Auditing Standards, and the Specifications for Audits of Counties, Cities and Towns. Recommendations for improvements in internal controls should be communicated to management and/or the audit committee. 3. Compliance Auditing When Auditing Financial Statements – The Auditor should perform tests and report on compliance with certain provisions of laws, regulations, contracts, grant agreements, etc., in accordance with auditing standards generally accepted in the United States of America, Government Auditing Standards, and the Specifications for Audits of Counties, Cities and Towns. Recommendations for improvements in accounting procedures, policies and systems should be communicated to management and/or the audit committee. 4. Major Federal Programs – The Auditor should perform procedures with respect to the County and School Board’s major federal programs in accordance with provisions of audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), Audits of States, Local Governments, and Non-Profit Organizations (or as superseded). 5. Training and Education - The auditor should undertake to keep the County fully informed as to new accounting and reporting requirements based on Generally Accepted Accounting Principles (GAAP), including new GASB pronouncements. During each fiscal year of this contract, the auditor should provide a minimum of 6 hours of continuing professional education in governmental accounting and reporting and/or related subjects to the County’s professional accounting and auditing staff. 2 hours should be ethics training that meets Virginia’s Board of Accountancy requirements.