Agenda - 12-15-2015 - 4a - Presentation of Comprehensive Annual Financial Report for FYE 6/30/15

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Attachment 3 15 ARTIN , STARVES & AssaCIATES, CPAs, P.A. "A Prgfessioncal A.ssociarion of ccertifred Public 4ccoientetnts and hfaneagernent Consultants" Report On Internal Control Over Financial Reporting And On Compliance And Other Matters Based On An Audit of Financial Statements Performed In Accordance With Government Auditing Standards Independent Auditor's Report To the Board of Commissioners Orange County,North Carolina We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to the financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the accompanying financial statements of the governmental activities, the business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of Orange County, North Carolina, as of and for the year ended June 30, 2015, and the related notes to the financial statements, which collectively comprise the County's basic financial statements, and have issued our report thereon dated December 10,2015. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered Orange County's internal control over financial reporting (internal control)to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Orange County's internal control. Accordingly, we do not express an opinion on the effectiveness of the County's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the County's financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. 730 13th Avenue Drive SE♦Hickory,North Carolina 28602♦Phone 828-327-2727♦Fax 828-328-2324 13 South Center Street♦Taylorsville,North Carolina 28681 ♦Phone 828-632-9025♦Fax 828-632-9085 Toll Free Both Locations 1-800-948-0585♦Website:www.martinstames.com