OTHER-2022-018-Contract to Audit Accounts

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i I i LGCm205 CONTRACT TO AUDIT ACCOUNTS Rev. 11 /2021 The Governing Board Board of County Commissioners Of Primary Government Unit Orange County and Discretely Presented Component Unit ( DPCU ) ( if applicable ) j G k Primary Government Unit, together with DPCU (if applicable), hereinafter referred to as Governmental Unit(s) and Auditor Name Mauldin & Jenkins , LLC Auditor Address 508 Hampton Street, Suite 100 , Columbia, South Carolina 29201 Hereinafter referred to as Auditor for Fiscal Year Ending Audit Report Due Date 06/3 0/22 10/31 /22 Must be within four months of FYE hereby agree as follows : 1 . The Auditor shall audit all statements and disclosures required by U . S . generally accepted auditing standards (GAAS ) and additional required legal statements and disclosures of all funds and/or divisions of the Governmental Unit(s) . The non - major combining , and individual fund statements and schedules shall be subjected to the auditing procedures applied in the audit of the basic financial statements and an opinion shall be rendered in relation to (as applicable) the governmental activities , the business- type activities , the aggregate DPCUs , each major governmental and enterprise fund , and the aggregate remaining fund information ( non - major government and enterprise funds , the internal service fund type , and the fiduciary fund types) . The basic financial statements shall include budgetary comparison information in a budgetary comparison statement , rather than as RSI , for the General Fund and any annually budgeted Special Revenue funds . 2 . At a minimum , the Auditor shall conduct the audit and render the report in accordance with GAAS . The Auditor shall perform the audit in accordance with Government Auditing Standards if the Governmental Unit expended $ 100 , 000 or more in combined Federal and State financial assistance during the reporting period . The auditor shall perform a Single Audit if required by Title 2 US Code of Federal Regulations Part 200 Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards ( Uniform Guidance) or the State Single Audit Implementation Act . This audit and all associated audit documentation may be subject to review by Federal and State agencies in accordance with Federal and State laws , including the staffs of the Office of State Auditor ( OSA) and the Local Government Commission ( LGC) . If the audit requires a federal single audit in accordance with the Uniform Guidance ( § 200 . 501 ) , it is recommended that the Auditor and Governmental Unit(s) jointly agree , in advance of the execution of this contract , which party is responsible for submission of the audit and the accompanying data collection form to the Federal Audit Clearinghouse as required under the Uniform Guidance (§ 200 . 512 ) . If the audit and Auditor communication are found in this review to be substandard , the results of the review may be forwarded to the North Carolina State Board of CPA Examiners ( NC State Board ) . Page 1