Specifications include, but are not limited to: audit the basic financial statements of the Authority as of year ended December 31, 2024, and the related notes to the financial statements. The audit has the following broad objectives: Obtaining reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error Expressing an opinion on the financial statements Issuing a report on your internal control over financial reporting and compliance and other matters based on the audit of your financial statements in accordance with Government Auditing Standards Expressing an opinion on your compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect to each of your major federal award programs in accordance with the 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) Issuing a report on your internal control over compliance in accordance with the Uniform Guidance Expressing an opinion on your compliance with the types of compliance requirements described in the Federal Aviation Administration’s Passenger Facility Charge Audit Guide for Public Agencies that are applicable to your PFC program Issuing a report on your internal control over compliance based on the audit of your compliance with types of compliance requirements that are appliable to your PFC program Issuing a report on your schedule of expenditures of federal awards
