Financial Statements to be Audited/Reviewed: a. All statements will be included as part of the ACFR of the City of Great Fall’s as defined by the GASB. This must include all required sections such as the transmittal letter, MD&A, charts, statements, schedules, exhibits, notes, and supplementary information. City staff will prepare all sections. Standards and Guidelines - The audit shall be conducted in accordance with: a. Governmental Auditing Standards as issued by the Comptroller General of the United States, b. Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards “Uniform Guidance”, c. The Auditor shall comply with state laws contained in Title 2, Chapter 7, of the Montana Code Annotated and related rules set forth by Local Government Services of the Department of Administration as stated in the LGS Contract, 7 d. Generally accepted auditing standards adopted by the American Institute of Certified Public Accountants...
