Common use of REQUIREMENTS AND TASKS Clause in Contracts

REQUIREMENTS AND TASKS. Financial Audit. A financial audit shall be conducted pursuant to the requirements set forth in California Government Code section 53398.66(j)(1). Audits shall meet required standards as revised by Generally Accepted Audit Standards (GAAS) guidelines and Generally Accepted Governmental Auditing Standards (GAGAS), as issued by the Comptroller General of the United States. to: 1.1. Express an opinion on the Authority’s compliance requirements of the laws, regulations, contracts and grants applicable to the Enhanced Infrastructure Financing District; 1.2. Provide an accompanying schedule of findings, recommendations and questioned costs, if any.