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3 <br /> LGC-205 CONTRACT TO AUDIT ACCOUNTS Rev. 11/2021 <br /> The Governing Board <br /> Board of County Commissioners <br /> Of Primary Government Unit <br /> Orange County <br /> and Discretely Presented Component Unit(DPCU)(if applicable) <br /> Primary Government Unit, together with DPCU(if applicable), hereinafter referred to as Governmental Unit(s) <br /> and Auditor Name <br /> Mauldin & Jenkins, LLC <br /> Auditor Address <br /> 508 Hampton Street, Suite 100, Columbia, South Carolina 29201 <br /> Hereinafter referred to as Auditor <br /> for Fiscal Year Ending Audit Report Due Date <br /> 06/30/22 10/31/22 <br /> Must be within four months of FYE <br /> hereby agree as follows: <br /> 1. The Auditor shall audit all statements and disclosures required by U.S. generally accepted auditing <br /> standards (GAAS) and additional required legal statements and disclosures of all funds and/or divisions of the <br /> Governmental Unit(s). The non-major combining, and individual fund statements and schedules shall be <br /> subjected to the auditing procedures applied in the audit of the basic financial statements and an opinion shall <br /> be rendered in relation to (as applicable) the governmental activities, the business- type activities, the <br /> aggregate DPCUs, each major governmental and enterprise fund, and the aggregate remaining fund <br /> information (non-major government and enterprise funds, the internal service fund type, and the fiduciary fund <br /> types). The basic financial statements shall include budgetary comparison information in a budgetary <br /> comparison statement, rather than as RSI, for the General Fund and any annually budgeted Special Revenue <br /> funds. <br /> 2. At a minimum, the Auditor shall conduct the audit and render the report in accordance with GAAS. The <br /> Auditor shall perform the audit in accordance with Government Auditing Standards if the Governmental Unit <br /> expended $100,000 or more in combined Federal and State financial assistance during the reporting period. <br /> The auditor shall perform a Single Audit if required by Title 2 US Code of Federal Regulations Part 200 Uniform <br /> Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) <br /> or the State Single Audit Implementation Act. This audit and all associated audit documentation may be subject <br /> to review by Federal and State agencies in accordance with Federal and State laws, including the staffs of the <br /> Office of State Auditor (OSA) and the Local Government Commission (LGC). If the audit requires a federal <br /> single audit in accordance with the Uniform Guidance (§200.501), it is recommended that the Auditor and <br /> Governmental Unit(s)jointly agree, in advance of the execution of this contract, which party is responsible for <br /> submission of the audit and the accompanying data collection form to the Federal Audit Clearinghouse as <br /> required under the Uniform Guidance (§200.512). <br /> If the audit and Auditor communication are found in this review to be substandard, the results of the review <br /> may be forwarded to the North Carolina State Board of CPA Examiners (NC State Board). <br /> Page 1 <br />