Agenda - 06-05-2001-9b - Laserfiche WebLink

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3q May 23, 2001 Mr. Kenneth T. Chavious, Finance Director Orange County 208 S. Cameron Street P.o. Box 81x1 Hillsborough, North Cazolina 27278 Deaz Mr. Chavious: This letter of arrangement between Orange County (the "County") and Cherry, Bekaert & Holland, L.L.P. sets forth the nature and scope of the services we will provide, the County's required involvement and assistance in support of our services, the related fee arrangements and other terms and conditions designed to assure that our professional services are performed to achieve the mutually agreed upon objectives of the County. SUMMARY OF SERVICES We will audit the general purpose financial statements of the County as of and for the yeaz ending June 30, 2001, in accordance with generally accepted auditing sandazds; Government Auditing Standards, issued by the Comptroller General of the United States; the Single Audit Act of 1996; the provisions of OMB Circulaz A-133; and the State Single Audit Implementation Act, and will include test of accounting records, a determination of Major Programs in accordance with Circulaz A-133 (and the State Single Audit Implementation Act), and other procedures deemed necessary to enable us to express such an opinion and to render the required reports. The objective of an audit is the expression of our opinion concerning whether the general purpose financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows of the County in conformity with generally accepted accounting principles. In connection with our audit, we will report on the fairness of presentation of the schedules of federal and state financial assistance in relation to the general purpose financial statements taken as a whale. We also will perform tests of compliance as required by Government Auditing Standards and the provisions of OMB Circular A-133 (and the State Single Audit Implementation Act), and issue our reports thereon. If any of our opinions resulting from the, procedures described above aze other than unqualified, we will fully discuss the reasons with you in advance.