Laserfiche WebLink
Arthur Young <br /> <br /> ATTACII~IENT A <br /> Page 3 of 7 <br /> <br />In conducting our examination, we will be aware of the <br />responsibility that illegal acts (as defined in authoritative <br />professional literature) may have occurred that may have a <br />material effect on the financial statements. Examinations <br />conducted ill accordance with generally accepted auditing <br />standnras are of limited effectiveness in:discovering possible <br />illegal acts and cannot be expected to provide assurance that <br />illegal acts will be detected, although procedures that are <br />performed primarily for the purpose of forming an opinion on the <br />financial statements as a whole may also bring possible illegal <br />acts to the auditor's attention. <br /> <br />REPORTS <br /> <br />We anticipate preparing and suhmittin~ the following reports aS a <br />result of our services: <br /> <br />A. Financial audit reports: <br /> <br /> - a report on the examination of the general purpose <br /> fiuaneial statements and supplementary information <br /> of the County in accordance with generally <br /> accepted auditing standard <br /> <br /> - a comprehensive management (audit findings) letter <br /> addressed to kite Cabarrus County Board of Con~issioaers <br /> <br />B. Additional reports in connection with the Single Audit: <br /> <br /> - two reports on our compliance examination of the County's <br /> various federal ann state grants and awards <br /> <br /> two reports On internal accounting and administrative <br /> control and our audit findings applicable to federal <br /> and state grants and awards <br /> <br /> a schedule of federal and state grants and a%vards <br /> activity with our opinion thereon <br /> <br /> <br />