Agenda - 05-08-2002 - 8c - Laserfiche WebLink

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3 If any of our opinions resulting from the procedures described Above are other than unqualified,we will fully discuss the reasons with you in advance. The objective of our audit is the expression of an opinion about whether your basic fmanciA statements are fairly presented,is all materiel rwPece,in cos rmity with accounting principles generally accepted in the United States of America.The objective also includes reporting on the Cowry's: Internal control related to the basic memorial Anteaters and compliance what laws,regratiora,and the provisions ofcontrnets or grant agreements,noncompliance with which could lave a materiel Wool on the basic firweiAl statements in accordance with Gmvemmert Auditing Standards. Internal contest relatM to major programs and an opinion an whether Orange Cowry complied with laws,m9datims,and the provisions of cormsas or giant agreements that could have a direct and material effect on each major program in socordmee with the Single Audit Att Amendmme of 1996,Ob18 Circular A-133,"Active of Sales,l-mba Governments,mail Non-Pmdt Orgvtixmiore", and the State Single Audit Implementation Att. The reports on internal conmsl and compliance will each include a statement that the report is intended solely for the trmaoo of the audit commmic,management,specific legislative or regulatory bodies, federal and state awarding agencies, and if applicable,pus-through entities anti's not intended to be and should not be Used by anyone other thin cheese spudded parties. We will begin our audit on a fume agreed-upon date that we bath mutually agree to end will issue am report an later than Omober 31,2002. You mired,that Orange County will prepare the Management's Mscucsion and Amlysis for Neu respective basic firuncial statements,and will have all journal entries, had sualysis,review of the general ledger system, and any infrmnucmre issues addressed as required by GASB 34, t will lead the engagement and will he responsible for Assuring the overall quality,value,and timeliness of ohm services to you- YOUR EXPECTATIONS As part of ow pleasing pincers, we have dismissed with you your expectations of Cherry, Selman At Holland, L.L.P., your concerns about your local goverment Your slows on risks facing you, Any relationship issues with Cherry,Bekaert&Holland, L.L.P.,and specific engagement arrangements and timing. Our services plan, which includes our audit plan, is designed to provide a foundation for an effective, efficient, and gwlity-focused approach to accomplish the engagement objectives stud meet, and/or exceed,your expeeadaes. Ow service plan will be reviewed with you periodically std will serve as a benchmark against which you will be Able m measure on perfarmance.