1. Property owners, property locations, and property tax returns selected for each audit will be selected for audit by the awarded firm through a random selection process. 2. The work performed by the awarded firm will be under the direct supervision of the County Tax Assessor. All correspondence with the property owner will be signed by the authorized/designated representative of the Tax Assessor. 3. The awarded firm will initiate contact with the property owner by letter for a Business Personal Property Audit and request access to records. 4. The awarded firm will arrange for examination and review of each property owner’s records. 5. The awarded firm will review, compare, and reconcile the property owner’s business personal property tax listings for each relevant year with the Federal and State income tax returns and/or internal fixed asset records maintained by the property owner or relevant records, including but not limited to audited financial statements. 6. After the County has reviewed and approved the results of the audit process, the awarded firm will prepare and submit correspondence to the County Tax Assessor which will serve as the County’s notice to the property owner of the audit results. Where necessary correspondence shall serve as the “notice” described in North Carolina General Statue 105- 312 (d) and will meet all the requirements thereof. 7. The awarded firm may be asked to serve as a witness or otherwise participate in a formal administrative and judicial hearing in connection with a property owner’s appeal of any increased assessment as a result of the auditing firm’s efforts. Participation by the awarded firm is at the sole discretion of the County...
