AG 1992 12 21 - Laserfiche WebLink

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POTTER & COMPANY, P~-. November 14, 1992 Certified Public Accountants Page 15 SCOPE OF AUDIT PROCEDURES As with all of our audits, our firm's first procedure is to perform a careful examination of the system of internal control and accounting ~ool/cies. Based on the results of our internal control examination, we carefully design tailored audit programs to insure an efficient and thorough examination of your accounts, accounting systems, and compliance with state and Federal regulations. To keep the fees as low as possible we need assistance from the finance officer's staff. This would include ava/lability ~o pull selected invoices, type confirmations, prepare various audit schedules, and draft the financial statements. These are the same procedures the County's staff is currently preparing for the audit. \Ve propose to complete the June 30, 1993, audit according to the following general time table based on the completion of various client prepared schedules. Event Timin~ - 1993 Commence planning and testing of internal controls May/June Field work August or at ),our convenience Completion and delivery of financial statements No later than October 15 Based on the above and our experience in auditing Cabarrus County, we estimate our costs for the 1993 audit to be $26,000. This fee is based on the following: 1. The m~dit tee includes all travel and supply costs. 2. We estimate the audit costs for the two following fiscal years as follows: 1994 $27,500 1995 $28,500 This assumes that audit conditions remain relatively constant and that no new major grants are awarded to the County. We hope we have demonstrated through this proposal our interest in providing you with quality accounting ser,,ices. If you have any questions, please do not hesitate to contact Mr. Bucky Glover at 786-8189. We would be pleased to meet with you to discuss our proposal in greater detail. ltr~*posal To Provide Audil Services