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2012-019 Finance - Audit Contract with Martin Starnes & Associates CPAs PA
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2012-019 Finance - Audit Contract with Martin Starnes & Associates CPAs PA
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Last modified
4/10/2012 9:33:44 AM
Creation date
4/10/2012 9:33:41 AM
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BOCC
Date
4/9/2012
Meeting Type
Work Session
Document Type
Contract
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Chair Signed
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2012-019 S Finance & Martin Starnes & Associates $85,800
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\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2012
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Audit Objectives <br />The objective of our audit is the expression of opinions as to whether your basic financial statements are <br />fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles <br />and to report on the fairness of the supplementary information referred to in the second paragraph when <br />considered in relation to the financial statements taken as a whole. The objective also includes reporting <br />on internal control related to the financial statements and compliance with laws, regulations, and the <br />provisions of contracts or grant agreements, non-compliance with which could have a material effect on <br />the financial statements in accordance with Government Auditing Standards. The objective also includes <br />reporting on internal control related to major programs and an opinion (or disclaimer of opinion) on <br />compliance with laws, regulations, and the provisions of contracts or grant agreements that could have a <br />direct and material effect on each major program in accordance with the Single Audit Act Amendments of <br />1996 and OMB Circular A-133, Audit of States, Local Governments, and Non-Profit Organizations. <br />The reports on internal control and compliance will each include a statement that the report is intended <br />solely for the information and use of management, the body or individuals charged with governance, <br />others within the entity specific legislative or regulatory bodies, federal awarding agencies, and if <br />applicable, pass-through entities and is not intended to be and should not be used by anyone other than <br />these specified parties. <br />Our audit will be conducted in accordance with auditing standards generally accepted in the United States <br />of America; the standards for financial audits contained in Government Auditing Standards, issued by the <br />Comptroller General of the United States; the Single Audit Act Amendments of 1996; and the provisions <br />of OMB Circular A-133, and will include tests of the accounting records, a determination of major <br />program(s) in accordance with OMB Circular A-133, and other procedures we consider necessary to <br />enable us to express such opinions and to render the required reports. If our opinions on the financial <br />statements or the Single Audit compliance opinions are other than unqualified, we will discuss the <br />reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form <br />or have not formed opinions, we may decline to express opinions or to issue a report as a result of this <br />engagement. <br />Management Responsibilities <br />Management is responsible for the basic financial statements and all accompanying information as well as <br />all representations contained therein. Management is also responsible for identifying government award <br />programs and understanding and complying with compliance requirements, and for preparation of the <br />Schedule of Expenditures of Federal and State Awards in accordance with the requirements of OMB <br />Circular A-133. As part of the audit, if we assist with the preparation of your financial statements, <br />Schedule of Expenditures of Federal and State Awards, and related notes, you are responsible for making <br />all management decisions and performing all management functions relating to the financial statements, <br />Schedule of Expenditures of Federal and State Awards, and related notes and for accepting full <br />responsibility for such decisions. You will be required to acknowledge in the management representation <br />letter our assistance with the preparation of the financial statements and Schedule of Expenditures of <br />Federal and State Awards and that you have reviewed and approved the financial statements, Schedule of <br />Expenditures of Federal and State Awards, and related notes prior to their issuance and have accepted <br />responsibility for them. Further, you are required to designate an individual with suitable skill, <br />knowledge, or experience to oversee any non-audit services we provide and for evaluating the adequacy <br />and results of those services and accepting responsibility for them. <br />
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