Specifications include, but are not limited to: Pace requires an audit of the basic financial statements and related notes and required supplementary information. In years where a full Annual Comprehensive Financial Report is prepared, Pace requires review of all additional information required for submission to the GFOA. Pace requires an annual Single Audit of federal expenditures and awards and completion of the auditor sections of the Data Collection Form. Pace requires an in-relation to opinion over its Consolidated Year End Financial Report (CYEFR) that is filed with the State of Illinois. Pace also requires an Agreed-Upon Procedures review of the National Transit Database (NTD) report filed with the FTA. A separate review is required for the Suburban Services and the Regional ADA Paratransit Services reports.