Agenda - 06-01-1999 - 8m - Laserfiche WebLink

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10 Apri126, 1999 Orange County, North Carolina Page 7 We will also report directly to County management and the Board matters coming to our attention during the course of our audit that we believe are reportable conditions. Reportable conditions are significant deficiencies in the design or operation of internal control that could adversely affect the County's ability to record, process, summarize and report financial data consistent with the assertions of management in the general purpose financial statements. In addition we will communicate to the Boazd certain other matters relating to the conduct of our audit, including, when applicable: • Our responsibility as auditors under generally accepted auditing Sandazds, GovernmentAuditing Standards and OMB Circulaz A-133 • Significant accounting policies • Management judgments and accounting estimates • Significant audit adjustments (recorded and unrecorded) • Other information in documents containing audited financial statements • Disagreements with management • Consultation by management with other accountants on significant matters • Difficulties encountered in performing the audit • Major issues discussed with management prior to our retention as auditors. We may also have other comments for management on matters we have observed and possible ways to impmve the efficiency of the County's operations or other recommendations concerning internal control. With respect to these other communications, it is our practice to discuss all comments, if appropriate, with the level of management responsible for the matters, prior to their communication to senior management and/or the Members of the Board.