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1 <br />1 <br /> <br /> <br /> <br />1 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />k <br />f <br />The audit documentation for this engagement will be retained for a minimum of five years after <br />the date the auditors' report is issued. If we are aware that a federal awarding agency, pass- <br />through entity, or auditee is contesting an audit finding, we-will contact the party{ies) contesting <br />the audit finding for guidance prior to destroying the audit documentation. <br />Our fees for these services are stated in the Contract to Audit Accounts. Our invoices for these <br />fees will be rendered in four installments as work progresses and are payable on presentation. In <br />accordance with our firm policies, work maybe suspended if your account becomes overdue and <br />may not be resumed until your account is paid in full. If we elect to teiYninate our services for <br />nonpayment, our engagement will be deemed to have been completed upon written notification <br />of termination, even if we have not completed our reports. You will be obligated to compensate <br />us for all time expended and to reimburse us for all out-of-pocket costs through the date of <br />termination. The contract fee is based on anticipated cooperation from your personnel and the <br />assumption that unexpected circumstances will not be ,encountered during the audit. If <br />significant additional time is necessary, we will discuss it with you and arrive at-anew fee <br />estimate before we incur the additional costs. <br />Governrrre~rt Auditing Standards require that we provide you with a copy of our most recent <br />external peer review report and any letter of comment, and any subsequent peer review reports <br />and letters of comment received during the period of the contract. Our 2005 peer review report <br />accompanies our Contract to Audit Accounts. <br />We appreciate the opportunity to be of service to Cabarrus County and believe this letter along <br />with our Local GoveFyunent Commission contract accurately summarizes the significant terms of <br />our engagement. If you have ariy questions, please let us know. If you agree with the terms of <br />our engagement as described in tl~is letter, please sign the enclosed copy and retur~i it to us. <br />Very truly yours, <br />~Q~aJ ~~~ E~ CL~Cea.~ ~Qs, i~Ct. <br />i <br />Martin Starnes & Associates, CPAs, P.A. <br />RESPONSE: <br />This letter correctly sets forth the understanding of Cabarrus County, North Carolina. <br />By: <br />Title: <br />Date: <br />F-8 <br />Attachment number 2 <br />Page 206 of 286 <br />