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13 <br /> <br />Results of 2018 Audit <br /> Our Responsibility Under Auditing Standards Generally Accepted in the United <br />States of America (GAAS) and Government Auditing Standards (GAS) <br />- We considered the internal control structure for the purpose of expressing <br />our opinion on the County’s basic financial statements and not providing <br />assurance on the internal control structure. <br />- Our audit was performed in accordance with GAAS and GAS. <br />- Our objective is to provide reasonable—not absolute—assurance that the <br />basic financial statements are free of material misstatement. <br />- We did not audit the financial statements of the Orange County ABC <br />Board. We reviewed and relied on the report of other auditors for <br />amounts included in the County’s statements related to the ABC Board. <br />- The basic financial statements are the responsibility of the County’s management. <br /> <br /> Report on 2018 Basic Financial Statements <br />- Unmodified (“clean”) opinion on basic financial statements. <br />- Presented fairly in accordance with accounting principles generally accepted in <br />the United States of America. <br />- Our responsibility does not extend beyond financial information contained in our <br />report. <br /> <br /> Significant Accounting Policies <br />- The significant accounting policies used by the County are described in Note 1 to <br />the basic financial statements. <br />- The policies used by the County are in accordance with generally accepted <br />accounting principles and similar government organizations. <br />- In considering the qualitative aspects of its policies, the County is not involved in <br />any controversial or emerging issues for which guidance is not available. <br /> <br /> Management Judgment/Accounting Estimates <br />- The County uses various estimates as past of its financial reporting process – <br />including valuation of accounts receivable, depreciation of capital assets, seld- <br />insurance claim liabilities, and pension and OPEB assumptions. <br /> <br /> Financial Statement Disclosures <br /> <br />- The footnote disclosures to the financial statements are also an integral <br />part of the financial statements and the process used by management to <br />accumulate the information included in the disclosures was the same <br />process used in accumulating the statements. The overall neutrality, <br />consistency, and clarity of the disclosures was considered as part our <br />audit. <br /> <br /> Relationship with Management <br />- We received full cooperation from the County’s management and staff. <br />- There were no disagreements with management on accounting issues or <br />financial reporting matters.