Orange County NC Website
Browse       Search
April 26, 1999 <br /> Orange County,North Carolina <br /> Page 7 <br /> We will also report directly to County management and the Board matters coming to our <br /> attention during the course of our audit that we believe are reportable conditions. Reportable <br /> conditions are significant deficiencies in the design or operation of internal control that could <br /> adversely affect the County's ability to record,process, summarize and report financial data <br /> consistent with the assertions of management in the general purpose financial statements. <br /> In addition we will communicate to the Board certain other matters relating to the conduct of <br /> our audit, including,when applicable: <br /> • Our responsibility as auditors under generally accepted auditing standards, <br /> Government Auditing Standards and OMB Circular A-133 <br /> • Significant accounting policies <br /> • Management judgments and accounting estimates <br /> • Significant audit adjustments (recorded and unrecorded) <br /> • Other information in documents containing audited financial statements <br /> • Disagreements with management <br /> • Consultation by management with other accountants on significant matters <br /> • Difficulties encountered in performing the audit <br /> • Major issues discussed with management prior to our retention as auditors. <br /> We may also have other comments for management on matters we have observed and possible <br /> ways to improve the efficiency of the County's operations or other recommendations <br /> concerning internal control. <br /> With respect to these other communications, it is our practice to discuss all comments,if <br /> appropriate,with the level of management responsible for the matters,prior to their <br /> communication to senior management and/or the Members of the Board. <br />