AG 1999 02 15 - Laserfiche WebLink

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10. A/~er completin~ hil audit, the Aud~tar shalJ submit td the GoverninK ~ard a w~ten ~po~ o~ au~L. ~po~ sh~ include~ .t ]e*st, the ~nanci~ statements o~the governmental unit and ~ o[it~ component un~Ls and notes ~he~ p~pa~d in a~rdance with goneraUy accepted accountln~ p~ncipies, combinin~ ~nd suppZemen~a~ Jn~orm~Jon ~quee~e~ b~ ~he c~en~ or ~quJred tar ~uU ~sc]osu~ under ~e law, an~ ~he au~r'~ opinion on the ma~ p~sen~ed. ~a Author s~eU E~rn~s~ ~e requi~d number o~ cop~os o~ ~e ~po~ o/aunt re the Governing ~ard as s~n as pracCic~ 8~or i~o close o~r~e accoun~in~ ~e Au~tor sh~ ~e with the ~ Government ~mmission two copies oF the ~pon oF au~L inclu~ng one copy oF the ;eder~ Da~a ~Uection Form, ~ a ~ederal single aunt is conducts& ~o cop~es o~ the repon · u~t =ho~ ~ .ubmic~ed ~ an au~ ~s required ~o be per~ormed only under ~he ~quiremen~s o~ ~he Single Au~ [mp]emenCa~ion Act or a ~nanci~ aunt is required re bo per~orme~ in accordance with Government ~u~tin~ S~anda~. Othe~Jse. one copy sh~ be submi~re& ~pies oF the report shaU ~ wi~h the ~c~ Government ~mmJ~sion when (or prior to) submitting ~he invoice ~or the sauces ~ copie~ o~the ~po~ submitted mus~ be bound. ~he repo~ o~ aunt, as Fded wi~h the ~cre~a~ o~ tho ~overnmen~ ~mmJssion, becomes a ma~ter o~ public recor~ ~or inspection an~ re~ew in ~he o~ces oF the Sec~a~ by any in~e~sred pa~e=. ~y subsequent roHsions to ~hese ropo~s must ~ sen~ ~o the SecroCa~ o; the ~ Government ~mmission. These au~ted ~nanc~ statements are used in che preparation O~ci~ Statements ~or debt offe~ngs, by munJc~p~ ~ond rating sauces, and ~o ~=IF~ socond~ market · sclosure requirements o~the Securities and ~xchange ~mmiss~on. 12. Should c~umstances ~sc]osed by the au~ c~ for a more ~e=~ed investigation by the Au~tor ~han necessa~ under or~na~ circumstances, the ~u~tor shaU in[arm the Governing ~ard in writing oF ~he need For suc~ ad~tion~ investigation an~ the a~Cion~ compensation require~ ~ere~or. Upon approv~ by tho Secre(a~ o~ the ~ Government ~mmiss~on, c~is agreement may ~o varied or changed to include increased time sneer compensation as may ~o agree~ upon by the ~overnJng ~ar~ and the ]3. [~ an appmva~ contrac~ needs to ~ vaned or change~ ~or any reason, the change must be reduce~ ~o writin;, signed by ~rh pa~es, p~au~ed ff necossa~, and submitted Lo ~he Secretary o~ ~ha ~ca] ~ovornmen~ ~mmissJon ;or app~v~. Ho chan~e shah be effecdve unless ao~ved by the Secre~a~' ~( ~e ~overnmenc ~mmiss~on. the Governin; ~ar& and ~he ],l. ~onovor tho Audi(or uses an engagement ]or~or wJ~h Lbo client, hems ~ and 1~ m=y ~o COml)]ero~ ~y ~Ferenc~ng Lbo engagemen~ ]e~or an~ attaching a copy o~ ~he engagement ]et~er ~o tho con~rec[ to r~e en;agemont ]et~er Jn~o t~e conCrecL In case o; con,Jo( between the terms o~ t~e engagement letter and terms o~ this contract, the terms o~ ~h~s con~rac~ w~]] control. ~ngagoment Io~or terms are deemed to bo void un,ess tho connoting terms oF ~his conrrac~ are speci~calJy do]oCo~ in [~em 2] o~ c~is con~racL }er(ers con~n~n; ~ndemn~caCion clauses w~ nec be approve~ by the ~ca~ Government ~mm~ssion. There are no apocia~ provisions except: ]6. A separaLe contract, should not be made far each division to be audked 'or repor~ to be submitted. A separate contract must be executed for each component unit which is a local government and for which a separate aunt report is issued. 17. The contract should be executed and submitted in triolicate to the Secretary of the Local Government Commission, 325 North Sahsbury Street, RMeigh. North Carolina 27603-1385. 18. Upon approval, the origina] contract will be returned to the Governmental Unit, a copy will be forwarded to the Auditor, and e copy retained by the Secretary of tho Local Government Commission. The audit should be started b~fore t}~e ¢ontragr~ js ppproved. 19. There are no other agreements between the parties hereto and no other agreements relative hereto Lhut shall bo enforceable unless entered into in accordance with the procedure sot out heroin and upprovud i~.y the Secretary of the Local Government Commission. 20. H' this eu&t engagement is not subject to Gover0raenl AucLitine Sta0~erds. then Item 5 shell be ]isted as doJeted provision in Item 21. Aa explanation must be given for deJeting this pro~eion. 21. AU o1' the above paragraphs are understood end shall apply to this agreement, except the fei]owing numbered paragraphs shalJ be deleted: (See Item 245 POTTER & COMPANY, P.A. By ,JAN M. GLOVER Approved by the Secret~ry et'the Local Government CommJslioe as provided ia Article 3, Chapter [59 of