Agenda - 04-15-2008-4f - Laserfiche WebLink

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0 Orange County, North Carolina March 24, 2008 Page 2 In addition to our reports on the County's financaal statements, we will also issue the following reports or types of reports: A report on the fairness of the presentation of the County's schedule of expenditures of Federal and Stabs awarcls for the year ending June 30, 2008. Reports on internal control related to the financaal statements and major programs. These reports will describe the scope oftesting of internal control and the results of our bests of internal controls. ~ . Reports on compliance with laws, regulations, and the provision of contracts or grant agreements. We will report on any noncompliance which could have a material effect on the financaal statements and any nor~ompiiance which could have a material effect, as defined by OMB Circular A 133, on each major program. A schedule of findings, responses, and questioned costs. Communication with the Counl)r's Board relating th the conduct of the audit as required by GovemmentAuditirrg Standards. The funds thatyou have told us are maintained by the County and that are fio be included as.part of our audit are listed below: General fund Special revenue funds Capital projects funds Proprietary funds . Fiduciary funds . The federal and state financial assistance programs thatyou have told us that the County participates in and chat are th be included as part of the single audit compliance examination are i(sted in Attachmerrt A. The component unit whose financial statements you have told us are to be combined with and included as part of the County's basic financial statements is the Orange County'ABC Board. The Orange County ABC Board wi11 be disclosed through' discrete presentation as a component unit, as required by Governmental Accounting Standards Board ("GASB714. Another CPA Firm will audit the Orange County ABC Board. Our reports on internal control wfil include any significant deficiencies and material weaknesses in the system of whkh we become aware as a result of obtaining an understanding of internal control and performing tests of internal control consistent wish requirements of the standards and circular identifed above. Our reports on compliance wdl address material errors, fraud, abuse, violations of compliance requirements, and other responsibilities imposed by state and federal statutes and regulations and assumed by contracts; and any state or federal grant, entitlement of loan program questioned costs of which we become aware, consistent with requirements of the standards and circulars identified above.