Agenda - 05-04-2004-5d - Laserfiche WebLink

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Such matters include (1) our responsibility under auditing standards generaollces antddtheir applc'ation;t(3) our America; (2) the initial selection of and changes in significant accounting p independence with respect to the entity; (4) the process used by management in formulating particularly sen a'u'd t accounting estimates and the basis for our conclusion regarding the reasonableness of those estimates; (5) adjustments that could, in our judgment, either individually or in the aggregate be significant to the financial statements or our report; (6) any disagreements with management concerning a financial accounting, reporting or auditing matter that could be significant to the financial statements; (7) ourviews about matters thatwere the subject of management's consultation with other accountants about auditing and accounting matters; (6) major issues that were discussed with management in connection with therincf nles and auditing' standards! ag d (9) ser'otus d fficulties any discussions regarding the application of accounting p P that we encountered in dealing with management related to the performance of the audit, ACCESS TO WORKING PAPERS The working papers for the engagement are the property of Cherry, Bekaert & Holland, L L P and constitute confidential information.. Except as discussed below, any requests for access to our working papers will be discussed with you prior to making them available to requesting parties.. The work papers for this engagement will be retained for a minimum of three years after the date the auditors' report is issued or for any additional period requested by the entity. If we are aware that a federal and State awarding agency, pass-through entity, or auditee is contesting an auditfinding, wewill contact the party(ies) contesting the audit finding for guidance prior to destroying the work papers. Our Firm, as well as all other major accounting firms, participates in a "peer review" program, covering our audit and accounting practices.. This program requires that once every three years we subject our quality assurance practices to an examination by another accounting firm. As part of the process, the other firm will review a sample of ourwork, It is possible that the other firm for their review may select the work we perform for you.. If it is, they are bound by professional standards to keep all information confidential. If you object to having theworkwe do foryou reviewed by our peer reviewer, please notify us in writing. SUBPOENAS In the event we are requested or autersroroury e~sonnelgasrwt tresses with r spect totour engagement for you you process to produce our working pap P will, so long as we are not a party to the proceeding in which the information is sought, reimburse us or our professional time and expense, as well as the fees and expenses of our counsel, incurred in responding to such a request. OTHER MATTERS If any dispute, controversy or claim arises in cony a ute t that the metternbe mediated c Such'med'ation wouldhbe party may, on written notice to the other party, q conducted by a mediator appointed by and pursuant to the Rules of the American Arbitration Association or such other neutral facilitator acceptable to both parties. Both parties would exert their best efforts to discuss with each other in good faith their respective positions in an attempt to finally resolve such dispute or controversy If any dispute, controversy, or claim arising out of or in connection with the performance or breach of this agreement cannot be resolved by mediation, then you agree that such dispute, controversy, or claim would be settled by arbitration in accordance with the rules of the American Arbitration Association (AAA) for the Resolution of the Accounting Firm Disputes.. The award issued by the arbitration panel may be confirmed in a judgmentby any federal or state court of competent jurisdiction.