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Agenda - 05-04-2004-5d
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Agenda - 05-04-2004-5d
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Last modified
9/1/2008 11:45:40 PM
Creation date
8/29/2008 10:41:33 AM
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BOCC
Date
5/4/2004
Document Type
Agenda
Agenda Item
5d
Document Relationships
2004 S Finance - Cherry Bekaert & Holland Audit Contract for the June 30, 2004 Fiscal Year
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2000's\2004
Minutes - 20040504
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Path:
\Board of County Commissioners\Minutes - Approved\2000's\2004
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<br />March 31, 2004 <br />Mr. Kenneth T. Chavious, Finance Director <br />Orange County <br />208 South Cameron Street <br />Hillsborough, North Carolina 27278 <br />Dear Ken: <br />This letter of arrangement between Orange County, North Carolina "the entity" and Cherry, Bekaert & Holland, L.L.P. <br />sets forth the nature and scope of the services we will provide, the entity's required involvement and assistance in <br />professionaluserv'ces are perfoamed to achieve henmutuallytagreed upon obje tves ofdthe entity o assure that our <br />SUMMARY OF SERVICES <br />We will audit the financial statements of the governmental activities, the business type activities, each discretely <br />presented component unit, each major fund, and the aggregate remaining fund information of the entity as of and for <br />the year ended June 30, 2004, which collectively comprise the entity's basic financial statements as listed in the table <br />of contents <br />Our audit will be conducted in accordance with auditing standards generally accepted in the United States ofAmerica; <br />Governmental Auditing Standards, issued by the Comptroller General of the United States; the Single Audit Act <br />Amendments of 1996'; the provisions of OMB CircularA-133; and the State Single Audit Implementation Act, and will <br />include test of accounting records, a determination of major programs in accordance with Circular A-133 and the <br />State Single Audit Implementation Act, and other procedures as deemed necessary to enable us to express such an <br />opinion and to render the required reports. The objective of an audit is the expression of our opinion concerning <br />whether the basic financial statements are fairly presented, in all material respects, in conformity with accounting <br />principles generally accepted in the United States of America.. <br />In connection with our audit, we will report on the fairness of presentation of the schedules of federal and state <br />financial assistance in relation to the financial statements taken as a whole. We will also perform tests of compliance <br />as required by Governmenf Auditing Standards, the provisions of OMB Circular A-133, and the Audit Manual for <br />Governmental Auditors in North Carolina, and issue our reports thereon. <br />If any of our opinions resulting from the procedures described above are other than unqualified, we will fully discuss <br />the reasons with you in advance. <br />The reports on internal control and compliance will each include a statement that the report is intended solely for the <br />information and use of the audit committee, management, specific legislative or regulatory bodies, federal and State <br />awarding agencies, and if applicable, pass-through entities and is not intended to be and should not be used by <br />anyone other than these specified parties. <br />As part of our engagement, we will prepare the financial statements and note disclosures from individual fund trial <br />balances that you will provide. However, management is responsible for the financial statements and note <br />disclosures. In your representation to us, you will be asked to acknowledge our role in this regard, and your review, <br />approval, and responsibility for the financial statements and note disclosures, <br />
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