Agenda - 06-26-1995 - VIII-D - Laserfiche WebLink

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8 May 26, 1995 The Board of County Commissioners Page 6 Because, in addition to our report on the general purpose financial statements, the scope of the engagement includes an audit in accordance with Government Auditing Standards, the requirements of OMB Circular A-128 and the State Single Audit Implementation Act, our reports on compliance with laws and regulations, including legal compliance and reports on your systems of internal control may be accompanied by observations (findings) on your compliance or on your systems of internal control and a schedule of questioned costs, if the results of our audit procedures require such observations or questioned costs. If any observations or findings are reported to you, you must provide a written corrective action plan under the requirements of the OMB Circular A-128 and the State Single Audit Implementation Act. Our audit is not specifically designed and cannot be relied on to disclose all reportable conditions (that is, significant deficiencies in the design or operation of the internal control structure). However, during the audit, if we become aware of such reportable conditions that affect the financial internal control systems or of ways that we believe management practices can be improved, we will communicate them to you in a separate letter. At the conclusion of the audit, we will request Orange County's management to provide us a representation letter that, among other things, will confirm management's responsibility for the preparation of the general purpose financial statements in conformity with generally accepted accounting principles, and availability of financial records and related data, the completeness and availability of all minutes of County Commissioners (and Committee) meetings, the absence of irregularities involving management or those employees who have significant roles in the control structure and, further, to confirm management's responsibility for compliance with laws and regulations, applicable to federal and state financial assistance programs. We understand that our reports on the internal control structure as part of the general purpose financial statement audit and on compliance with laws and regulations are intended for the information of the County Manager and Members of the Board of County Commissioners, management, and officials of federal and state agencies. As required by Government Auditing Standards and OMB Circular A-128, we will maintain the working papers for a minimum of three years from the date of our reports. These working papers will be made available to representatives of the cognizant audit agency(or its designee), other government audit staffs, and/or the United States General Accounting Office upon their request and after they have properly notified you of their request to review the working papers.