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CONTRACT TO AUDIT ACCOUNTS LGC-205 Rev. 9/2019 <br /> <br /> <br />26. E-Verify. Auditor shall comply with the requirements of NCGS Chapter 64 Article 2. Further, if Auditor <br />utilizes any subcontractor(s), Auditor shall require such subcontractor(s) to comply with the requirements of <br />NCGS Chapter 64, Article 2. <br />27. For all non-attest services, the Auditor shall adhere to the independence rules of the AICPA <br />Professional Code of Conduct and Governmental Auditing Standards, 2018 Revision (as applicable). <br />Financial statement preparation assistance shall be deemed a “significant threat” requiring the Auditor to <br />apply safeguards sufficient to reduce the threat to an acceptable level. If the Auditor cannot reduce the <br />threats to an acceptable level, the Auditor cannot complete the audit. If the Auditor is able to reduce the <br />threats to an acceptable level, the documentation of this determination, including the safeguards applied, <br />must be included in the audit workpapers. <br /> <br />All non-attest service(s) being performed by the Auditor that are necessary to perform the audit must be <br />identified and included in this contract. The Governmental Unit shall designate an individual with the suitable <br />skills, knowledge, and/or experience (SKE) necessary to oversee the services and accept responsibility for <br />the results of the services performed. If the Auditor is able to identify an individual with the appropriate SKE, <br />s/he must document and include in the audit workpapers how he/she reached that conclusion. If the Auditor <br />determines that an individual with the appropriate SKE cannot be identified, the Auditor cannot perform both <br />the non-attest service(s) and the audit. See "Fees for Audit Services" page of this contract to disclose the <br />person identified as having the appropriate SKE for the Governmental Unit. <br />28. Applicable to charter school contracts only: No indebtedness of any kind incurred or created by the <br />charter school shall constitute an indebtedness of the State or its political subdivisions, and no indebtedness <br />of the charter school shall involve or be secured by the faith, credit, or taxing power of the State or its political <br />subdivisions. <br /> <br />29. All of the above paragraphs are understood and shall apply to this contract, except the following <br />numbered paragraphs shall be deleted (See Item 16 for clarification). <br /> <br /> <br /> <br /> <br /> <br />30. The process for submitting contracts, audit reports and invoices is subject to change. Auditors and <br />units should use the submission process and instructions in effect at the time of submission. Refer to the <br />N.C. Department of State Treasurer website at https://www.nctreasurer.com/slg/Pages/Audit-Forms-and- <br />Resources.aspx. <br />31. All communications regarding audit contract requests for modification or official approvals will be sent <br />to the email addresses provided on the signature pages that follow. <br /> <br />32. Modifications to the language and terms contained in this contract form (LGC-205) are not allowed. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Page 5 <br />Number 16 above, because the Auditor does not have 25 or more employees in the State of North <br />Carolina. <br />DocuSign Envelope ID: D2809161-AA0B-4AFA-8A26-418CF7221077