Auditing Services by Independent Certified Accountants

The RTAA will require, at a minimum, a qualified firm of Certified Public Accountants (Respondent) to audit its financial statements for fiscal years ending June 30th. The RTAA desires the successful Respondent (Auditor) to express an opinion on the fair presentation of its general-purpose financial Statements in conformity with generally accepted accounting principles. The audits are to be performed in accordance with generally accepted auditing standards, the standards set forth in the U.S. General Accounting Office’s (GAO) Government Auditing Standards, the provisions of the Federal Single Audit Act of 1984 and Amendments of 1996 and U.S. Office of Management and Budget (OMB) Circular A-133, Auditing of State, Local Governments, and nonprofit organizations, as well as Revenue Bond Resolution Audit Requirements. The Auditor shall be required to audit the supporting schedules contained in the annual comprehensive financial report (ACFR). The Auditor is not required to audit the statistical section of the report. The Auditor shall prepare the ACFR in a form similar to the FY21/22 report. Additionally, the Auditor shall prepare the Federal Financial Assistance audit reports, as required by OMB Circular A-133, that contain (1) a description of the scope and results of procedures performed with respect to applicable requirements for each major federal program that includes an opinion on compliance, (2) an opinion, based on their audit, on the schedule of expenditures of federal awards, and (3) an auditors’ schedule of findings and questioned