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POTTER <br />,q, <br />~ CERTI~ED PUBLIC ACCOUNTANTS <br /> 114 N- ~u~h ~l~t, Mo~, NC 2SII0 <br /> ~7~) 2SI-SiS9 <br /> <br /> April 5, 1991 <br /> <br /> Honorable Bill Simmons, Chairman <br /> and Hembers of the Board of Commissioners <br /> Cabarrus County <br /> Concord, North Carolina <br /> <br /> Commissioners: <br /> <br /> We are pleased to confirm cur understanding of the services we are <br /> to provide for Cabarrus County for the year ended June 30, 1991. <br /> We will audit the general purpose financial statements of Cabarrus <br /> County as of and for the year ended June 30, 1991. The following <br /> funds and account groups exist and will be subjected to the audit <br /> procedures: <br /> <br /> 1. General Fund <br /> 2. Capital Project Fund (7) Projects <br /> 3. General Fixed Assets Group of Accounts <br /> 4. General Long-Term Debt Group of Accounts <br /> S. Enterprise Fund (2) Water & Sewer Funds <br /> <br /> Our audit will be made in accordance with generally accepted <br /> auditing standards and will include tests of accounting <br /> your <br /> records and other procedures we consider necessary to enable us to <br /> express an unqualified opinion t~at your financial statements are <br /> fairly presented, in all material respects, in conformity w~th <br /> generally accepted accounting principles. If our opinion is other <br /> than unqualified, we will fully discuss the reasons with you in <br /> advance. <br /> <br /> Our procedures will include tests of documentary evidence <br /> supporting the transactions recorded in the accounts, tests'of <br /> physical existence of inventories, and direct confirmation of <br /> receivables and certain other assets and liabilities by <br /> correependence with selected customers, creditors, and banks. We <br /> will re~ueetwrltten representations from your attorneys as part of <br /> the engagement, and they may bill you for responding to this <br /> inquiry. At the conclusion of our audit, we will also request <br /> certain written representations from you about the financial <br /> statements and relate~ matters. <br /> <br /> An audit includes examining, on a test basis, evidence supporting <br /> the amounts and disclosures in the financial statements; therefore, <br /> our audit will involve Judgement about the number of transactions <br /> to be examined and the areas to be tested. Also, we will plan and <br /> perform the audit to obtain reasonable assurance about whether the <br /> <br /> A~tican {nsfilmc ~ ~nificd ~bIi~ Ac¢~nlanB · N~h Catolirm Asso~Ja~J~ ~ C~i§td ~b{Jc A¢counlant$ <br /> <br /> <br />