Orange County NC Website
0 <br />Cherry, Rekaert & Holiaad, L.L.P. <br />The Firm of Choice. wvuw.cbh.com <br />2fi26 Glenwood Avenue - Suite 3DD <br />Relelgh, North Carolina 27606 <br />phone 919.782.1040 <br />fax 919.783.0976 <br />March 39, 2008 <br />Mr. Gary Humphreys, Finance Director <br />Orange County, North Carolina <br />200 South Cameron Street <br />Hillsborough, North Carolina 27278 <br />Dear Gary: <br />We look forward to providing you with accounting documentation services. This letter outlines our <br />understanding of the terms and objectives of the engagement. Eddie Burke, Partner in the Raleigh <br />office of Cherry Bekaert & Holland, will coordinate the delivery of our services. <br />Summary of Services <br />Grange County, North Carolina (the "County") has requested that Cherry,. Bekaert & Holland, l_.L.P. <br />(CB&H) assist with documenting selected operating cycles as part of the County's efforts to comply with <br />Statement on Auditing Standards 109. As requested, we have contacted the audit engagement partner <br />for the County to identify what he would require in the way of documentation for. June 30, 2008. He <br />requested that we document the property tax, payroll, purchasing, disbursement, receipt, food stamp, <br />Medicaid, and budgeting cycles. This process wii! require that we meet and interview management and <br />other various County employees in order to obtain the information we will need to document these <br />processes. At the conclusion of this process, we will issue a report to the County which. documents <br />these cycles from origination to completion and will also include the material monitoring controls that <br />are in place for each cycle. <br />Because our work is limited in scope, our involvement and knowledge of the daily operations of the <br />County will be limited. Because of this, there is a risk that material errors, irregularities, or illegal acts, <br />including fraud or defalcation, may exist and may not be detected by us. The County acknowledges this <br />fact and agrees to indemnify us should any of these situations occur. We wit{ inform an appropriate <br />level of management of any such matters that come to our attention. <br />It is.anticipa#ed that the CB&H project team will have full cooperation and timely access to necessary <br />County personnel during the course of its services. In addition, CB&H shall not be liable for any default <br />or delay in performance of its obligations under the terms of this agreement to the extent that such default <br />or delay is the result of (i) the failure of County to comply with any of its obligations within the terms of this <br />agreement or (ii) the unavailability or absence of key County personnel. <br />The services under this engagement letter will be performed in accordance with the Statement on <br />Standards for .Consulting Services (SSCSJ issued by the American institute of Certified Public <br />Accountanfs (AlCPA). Consulting services differ fundamentally from attestation services. In an attest <br />service, the practitioner expresses a conclusion about the reliability of a written assertion that is the <br />responsibility of another party, the asserter. The nature and scope of work is determined solely by the <br />agreement between the practitioner and the client. This work is performed by the practitioner only fvr <br />the use and benefit of the client. <br />AIfE ll Tl LILY <br />INTEItNATiONAL <br />