The California State Lottery (Lottery) is inviting proposals from qualified certified public accountant (CPA) firms interested in providing auditing and related services to the Lottery. The purpose of this RFP is to select a single audit contractor to conduct audit related services for the Lottery. Government Code §8880.46.5 states, ¿The director shall engage an independent firm of certified public accountants to conduct an annual audit of all accounts and transactions of the Lottery. The audited financial statements shall be presented to the Commission, the Governor, the Controller, the Treasurer, the Attorney General, and the Legislature not more than 120 days after the close of the fiscal year. The independent auditor¿s report shall be posted on the Internet.¿ The Contractor shall prepare an annual audit report, in accordance with generally accepted auditing standards approved by the American Institute of Certified Public Accountants and in accordance with Government Accounting Standards Board Statement No. 34, Basic Financial Statements and Management¿s Discussion and Analysis for State and Local Governments. These standards require that a study and evaluation of the Lottery¿s system of internal control be performed. The annual audit report shall state an opinion as to whether the Lottery¿s financial statements have been fairly presented in conformity with generally accepted accounting principles. The agreement resulting from this RFP will be for a period of three years, with the option to extend for up to two additional one-year periods under the same terms, conditions, and pricing at the sole discretion of the