Laserfiche WebLink
CABARRUS COUNTY, NORTH CAROLINA A Proposal to Provide Audit Services <br /> <br />PEER REVIEW <br /> <br />The United States General Accounting Office has issued a requirement that all accounting firms <br />conducting governmental audits must participate in an external peer review. We are pleased to announce <br />that a~er a thorough study of our procedures and work practices the reviewers concluded that ourfirm <br />complies with the highest quality control standards as established by the American Institute of Certified <br />Public Accountants (AICPA). <br /> <br />Pot~er & Company is recognized as one of the leaders in the peer review (practice monitoring) program. <br />Our managing partner is past chairman of the North Carolina Peer Review Executive Committee. Jan <br />Glover, audit partner, currently serves as a member of the North Carolina Peer Review Executive <br />Committee. This committee has the oversight responsibility for the peer review of over !,200 CPA firms <br />in North Carolina. Potter & Company is one of only eighteen firms in North Carolina selected by the <br />North Carolina Association of Certified Public Accountants to be a technical reviewer of peer reviews. <br /> <br />INDEPENDENCE STANDARDS <br /> <br />As required by professional ethics we remain independent to all our clients. We routinely monitor this <br />by evaluating our relationships with clients. Our staff make annual representations to the firm as to their <br />independence. Client listings are updated and circulated often to ensure proper independence. Any <br />questions of independence are discussed with appropriate partner personnel and with the North Carolina <br />State Board of Examiners for clarification. We have no independence problems. <br /> <br />INSURANCE COVERAGE <br /> <br />Our firm has always maintained adequate liability insurance with a reputable insurance underwriter. <br /> <br />REGULATORY ACTION <br /> <br />Neither the firm nor any accountants of the firm have had action taken against them by a regulatory or <br />oversight body. We have not had any judgments or actions taken against us for malpractice. <br /> <br />POTTER & COMPANY, P.A. <br />Certified Public Accountants <br /> <br /> Page 8 <br />January 28, 1998 <br /> <br /> <br />