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July 11,2018 <br /> City of Decatur <br /> Page 13 <br /> • New or unusual transactions <br /> • Changes in audit scope or requirements resulting from changes in your activities <br /> • Erroneous or incomplete accounting records <br /> • Evidence of material weaknesses or significant deficiencies in internal control <br /> • Regulatory examination matters <br /> • Implementation or adoption of new or existing accounting, reporting, regulatory,or tax <br /> requirements <br /> • New financial statement disclosures <br /> Changes in engagement timing and assistance by your personnel <br /> The fee estimate is based on anticipated cooperation from your personnel and their assistance with <br /> timely preparation of confirmations and requested schedules. If the requested items are not available <br /> on the dates required or are not accurate,we will advise management.Additional time and costs may <br /> be necessary because of such unanticipated delays. Examples of situations that may cause our <br /> estimated fee to increase include: <br /> • Significant delays in responding to our requests for information such as reconciling variances or <br /> providing requested supporting documentation (e.g., invoices,contracts, and other documents) <br /> • Rescheduling our fieldwork <br /> • Schedule disruption caused by litigation,financial challenges (going concern), loan covenants <br /> (waivers), etc. <br /> • Identifying a significant number of proposed audit adjustments <br /> • Schedules prepared by your personnel that do not reconcile to the general ledger <br /> • Numerous revisions to information and schedules provided by your personnel <br /> • Restating financial statements for accounting errors in the prior year <br /> • Lack of availability of entity personnel during audit fieldwork <br /> Other fees <br /> You also agree to compensate us for any time and expenses, including time and expenses of legal counsel,we <br /> may incur in responding to discovery requests or participating as a witness or otherwise in any legal, regulatory, <br /> or other proceedings that we are asked to respond to on your behalf. <br /> Finance charges and collection expenses <br /> You agree that if any statement is not paid within 30 days from its billing date,the unpaid balance shall accrue <br /> interest at the monthly rate of one and one-quarter percent(1.25%),which is an annual percentage rate of 15%. <br /> In the event that any collection action is required to collect unpaid balances due us, reasonable attorney fees <br /> and expenses shall be recoverable. <br /> Consent <br /> Consent to use financial information <br /> Annually,we assemble a variety of benchmarking analyses using client data obtained through our audit and <br /> other engagements.Some of this benchmarking information is published and released publicly. However,the <br /> information that we obtain is confidential,as required by the AICPA Code of Professional Conduct.Your <br />