In connection therewith, CPA agrees to furnish the following professional services: 1) CPA shall create and submit to LED periodic expenditure verification reports, in conformity with applicable program requirements; a. CPA shall: i) perform procedures to obtain reasonable assurance about whether financial statements are free of material misstatement caused by error, fraud or illegal acts, ii) examine sufficient evidential matter to support any opinions or comments expressed. b. The term “verification report” may include any agreed upon procedure, tax opinion, attestation, audit, or other report, as required by statute or LED rule. 2) participate in periodic meetings, telephone calls and conferences, to discuss any concerns or other matters related to LED incentive programs. Independence. 1) CPA will be expected to perform a conflicts check on a per project basis prior to acceptance of any requested assignment, and LED may not select a CPA to perform a verification report if a CPA has performed (or whose CPA firm or an affiliate of the CPA or the CPA firm has performed) any other services relating to that project (including all attest and non-attestation services, e.g. identification and quantification analysis, quantified benefits projection, application preparation). 2) In order to avoid any real or perceived conflicts of interest, CPA shall not represent any other party in any other matter relating to LED’s High Impact Jobs Program, unless specifically released from this obligation in writing by LED...
