Agenda - 06-06-1988 - Laserfiche WebLink

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Touche Ross&Co. 077 One Triangle Executive Parts Suite 600 Touche Ross Post Office Box 13866 ' Research Triangle Park,NC 27709-3866 Telephone:919 481-4474 Telephone:919 683-2150 • April 5, 1988 • The Board of County Commissioners - Orange County, North Carolina Ladies and Gentlemen: We are pleased to serve as independent accountants for Orange County, North Carolina. Mr. Rex Price will be the partner in charge of all audit work we perform for you. Examining and reporting on your annual financial statements is to be our recurring basic assignment. We would like also to be helpful to you on current problems as they arise throughout the year. Hence, we hope you will call Mr. Price whenever you feel he can be of assistance. An audit manager, Mary Lou King, is also assigned to your engagement. It will be the responsibility of Mr. Price and Ms. King to make sure that your management receives good service. They will, as desirable, call upon otner individuals with specialized knowledge, either in this office or elsewhere in our Firm. The purpose of our engagement is to examine the County's financial statements for the year ending June 30, 1988, and evaluate the fairness of presentation of the statements in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding period. Our examination will be conducted in accordance with generally accepted auditing standards, which will include a review of the system of internal control and tests of transactions to the extent we believe necessary. Accordingly, it will not include a detailed audit of transactions to the extent-which-would-be-required-if-intended-to-disclose-defalcations_or other irregularities, although their discovery may result. -Touche Ross International