2008-025 Finance - McGladrey & Pullen

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Orange County, North Carolina April 23, 2007 • Page 5 Professional standards and our firm policies require that we perform certain additional procedures whenever our reports are included, or we are named as accountants, auditors, or'experts" in a document used in a public or private offering of equity or debt securities. Accordingly, the County agrees that it will not include our reports, or otherwise make reference to us, in any public or private securities offering without first obtaining our consent. Any request to consent is also a matter for which separate arrangements will be necessary. After obtaining our consent, the County also agrees to provide us with printer's proofs or masters of such offering documents for our review and approval before printing and with a copy of the final reproduced material for our approval before it is distributed. In the event our auditor/client relationship has been terminated when the County seeks such consent, we will be under no obligation to grant such consent or approval. This letter constitutes the complete and exclusive statement of agreement between McGladrey & Pullen, LLP and the County, superseding all proposals oral or written and all other communication, with respect to the terms of the engagement between the parties. In accordance with GovemmentAuditing Standards a copy of our most recent peer review report has been provided to you in Section 1 of our proposal for audit services, dated March 28, 2007, for your information. If this letter defines the arrangements as the County understands them, please sign the enclosed copy and return it to us. We appreciate your business.' McGladrey & Pullen, LLP • ohn J. Gilberto, Partner Enclosure Confirmed on behalf of the addressee: County Manager This instrument has been preaudited in the manner required by the Local Government Budget and Fiscal Control Act. ~~ Finance Director •