Agenda - 05-20-2003-8d - Laserfiche WebLink

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As part of this engagement we will ensure that certain additional matters are communicated to the appropriate members of management and the County Commissioners. Such matters include (1) the initial selection of and changes in significant accounting policies and their application; (2) the process used by management in formulating particularly sensitive accounting estimates and the basis for our conclusion regarding the reasonableness of those estimates; (3) audit adjustments that could, in our judgement, either individually or in the aggregate be significant to the basic financial statements or our report; (4) any disagreements with management concerning a financial accounting, reporting or auditing matter that could be significant to the basic fmanc;ial statements; (5) our views about matters that were the subject of management's consultation with other accountants about auditing and accounting matters; (6) major issues that were discussed with management in connection «rith the retention of our services, including, among other matters, any discussions regarding the application of accounting principles and auditing standards; (7) serious difficulties that we encountered in dealing with management related to the performance of the audit; and (8) total fees for management advisory services during the year under audit, including a description of the types of such services rendered. 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 oui• 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 County. If we are aware that a federal and State awarding agency, pass-through entity, or auditee is contesting an audit fmding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the work papers. Our Firm, as well as all other maj or 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 ~~~ll review a sample of our work. It is possible that the work we perform for you maybe selected by the other firm for their review. If it is, they are bound by professional standards to keep all information confidential. If you object to having the work we do for you reviewed by our peer reviewer, please notify us in writing. SUBPOENAS In the event we are requested or authorized by you or required by government regulation, subpoena, or other legal process to produce our working papers or our personnel as witnesses with respect to our engagement for you, you will, so long as we are not a party to the proceeding in which the information is sought, reimburse us for 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 connection with the performance or breach of this agreement, either party may, on written notice to the other party, request that the matter be mediated. Such mediation would be 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 t:o discuss with each other in good faith their respective positions in an attempt to finally resolve such dispute or controversy.