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Contract to Audit Accounts (cont.) <br />AUDIT: $ <br />95,500 <br />Orange County <br />Primary Government Unit <br />not applicable <br />Discretely Presented Component Unit (DPCU) if applicable <br />FEES - PRIMARY GOVERNMENT <br />WRITING FINANCIAL STATEMENTS <br />ALL OTHER NON - ATTEST SERVICES: $ <br />For all non - attest services the Auditor shall adhere to the independence rules of the AICPA Professional Code of Conduct <br />and Governmental Auditing Standards (as applicable). Bookkeeping and other non -attest services necessary to perform <br />the audit shall be included under this contract. However, bookkeeping assistance shall be limited to the extent that the <br />Auditor is not auditing his or her own work or making management decisions. The Governmental Unit shall designate an <br />individual with the suitable skills, knowledge, and /or experience necessary to oversee the services and accept <br />responsibility for the results of the services. Financial statement preparation assistance shall be deemed a "significant <br />threat" requiring the Auditor to apply safeguards sufficient to reduce the threat to an acceptable level. The Auditor shall <br />maintain written documentation of his or her compliance with these standards in the audit work papers. <br />Prior to submission of the completed audited financial report, applicable compliance reports and amended contract (if <br />required) the Auditor may submit invoices for approval for services rendered, not to exceed 75% of the total of the stated <br />fees above. If the current contracted fee is not fixed in total, invoices for services rendered may be approved for up to <br />75% of the prior year audit fee. <br />The 75% cap for interim invoice approval for this audit contract is $ 717625 <br />** NA if there is to be no interim billing <br />FEES — DPCU (IF APPLICABLE) <br />AUDIT: $ <br />WRITING FINANCIAL STATEMENTS <br />ALL OTHER NON-ATTEST SERVICES: $ <br />For all non- attest services the Auditor shall adhere to the independence rules of the AICPA Professional Code of Conduct <br />and Governmental Auditing Standards (as applicable), Bookkeeping and other non - attest services necessary to perform <br />the audit shall be included under this contract. However, bookkeeping assistance shall be limited to the extent that the <br />Auditor is not auditing his or her own work or making management decisions. The Governmental Unit shall designate an <br />individual with the suitable skills, knowledge, and /or experience necessary to oversee the services and accept <br />responsibility for the results of the services. Financial statement preparation assistance shall be deemed a "significant <br />threat" requiring the Auditor to apply safeguards sufficient to reduce the threat to an acceptable level. The Auditor shall <br />maintain written documentation of his or her compliance with these standards in the audit work papers. <br />Prior to submission of the completed audited financial report, applicable compliance reports and amended contract (if <br />required) the Auditor may submit invoices for approval for services rendered, not to exceed 75% of the total of the stated <br />fees above. If the current contracted fee is not fixed in total, invoices for services rendered may be approved for up to <br />75% of the prior year audit fee. <br />The 75% cap for interim invoice approval for this audit contract is $ <br />** NA if there is to be no interim billing <br />Page 5 of 9 <br />