MVRTD desires the auditor to express an opinion of the fair presentation of its basic (general purpose) financial statements in conformity with governmental accounting principles generally accepted in the United States of America. MVRTD also desires the auditor to provide an “in-relation-to” opinion on the supplementary information based on the auditing procedures applied during the audit of the basic financial statements. The auditor shall also be responsible for performing certain limited procedures involving the required supplementary information required by the Governmental Accounting Standards Board as mandated by generally accepted auditing standards. Also, the auditor is to provide an “in-relation-to” report on MVRTD’s schedule of expenditures of federal awards based on the auditing procedures applied during the audit of the financial statements. Pursuant to the Single Audit Act Amendments of 1996, MVRTD is required to have an audit performed on the major federal programs of MVRTD. The auditor will be required to test internal controls and compliance for major federal award programs administered by MVRTD. It is anticipated that MVRTD will require a Single Audit for each of the years covered by this request.
