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BK:00027 PG:0387 <br />Audit Objectives <br />The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, <br />in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the <br />fairness of the supplementary information referred to in the second paragraph when considered in relation to the <br />financial statements as a whole. The objective also includes reporting on- <br />• Internal control related to the financial statements and compliance with the provisions of laws, regulations, <br />contracts, and grant agreements, noncompliance with which could have a material effect on the financial <br />statements in accordance with Government Auditing Standards. <br />• Internal control related to major programs and an opinion (or disclaimer of opinion) on compliance with <br />laws, regulations, and the provisions of contracts or grant agreements that could have a direct and material <br />effect on each major program in accordance with the Single Audit Act Amendments of 1996 and OMB <br />Circular A-133, Audits of States, Local Governments, and Non -Profit Organizations. <br />The Government Auditing Standards report on internal control over financial reporting and on compliance and other <br />matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing <br />of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness <br />of the entity's internal control or on compliance, and (2) that the report is an integral part of an audit performed in <br />accordance with Government Auditing Standards in considering the entity's internal control and compliance. The <br />OMB Circular A-133 report on internal control over compliance will include a paragraph that states that the purpose <br />of the report on internal control over compliance is solely to describe the scope of testing of internal control over <br />compliance and the results of that testing based on the requirements of OMB Circular A-133. Both reports will state <br />that the report is not suitable for any other purpose. <br />Our audit will be conducted in accordance with auditing standards generally accepted in the United States of <br />America; the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller <br />General of the United States; the Single Audit Act Amendments of 1996; and the provisions of OMB Circular A- <br />133, and will include tests of accounting records, a determination of major program(s) in accordance with Circular <br />A-133, and other procedures we consider necessary to enable us to express such opinions. We will issue written <br />reports upon completion of our Single Audit. Our reports will be addressed to the Board and management of Lee <br />County. We cannot provide assurance that unmodified opinions will be expressed. Circumstances may arise in <br />which it is necessary for us to modify our opinions or add emphasis -of -matter or other -matter paragraphs. If our <br />opinions on the financial statements or the Single Audit compliance opinions are other than unmodified, we will <br />discuss the reasons with you in advance. If circumstances occur related to the condition of your records, the <br />availability of sufficient appropriate audit evidence, or the existence of a significant risk of material misstatement of <br />the financial statements caused by error, fraudulent financial reporting, or misappropriation of assets, which in our <br />professional judgment prevent us from completing the audit or forming an opinion on the financial statements, we <br />retain the right to take any course of action permitted by professional standards, including declining to express an <br />opinion or issue a report, or withdrawing from the engagement. <br />Audit Procedures -General <br />An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial <br />statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas <br />to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the <br />reasonableness of significant accounting estimates made by management, as well as evaluating the overall <br />presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than <br />absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, <br />(2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental <br />regulations that are attributable to the entity or to acts by management or employees acting on behalf of the entity. <br />Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide <br />reasonable assurance of detecting abuse. <br />