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AGREEMENT FOR AUDITING SERVICES <br />This agreement by and between the CITY OF LITTLE CANADA, hereinafter <br />referred to as the "City ", and the accounting firm of DE LA HUNT VOTO & CO., LTD., <br />hereinafter referred to as the "Auditors ", WITNESSETH: <br />In consideration of their mutual covenants and agreements as hereinafter <br />set forth, the parties hereto contract and agree as follows: <br />The Auditors agree to perform a limited general audit of the financial <br />records and transactions of the City for the year ended December 31, 1978. Such <br />audit and examination shall be made in accordance with generally accepted auditing <br />standards and the minimum audit procedures prescribed by the Minnesota State <br />Auditor pursuant to the provisions of M.S.A., Chapter 6. Such audit and examin- <br />ation will include tests of the accounting records and such other audit procedures <br />as are considered necessary to enable the Auditors to render an opinion on the <br />fairness of the City's financial statements. It is not contemplated that the <br />audit will be a detailed examination of all transactions nor that the audit will <br />necessarily discover mis- conduct, should any exist. The Auditors will, however, <br />promptly inform the City of any findings which appear unusual or abnormal. <br />If any circumstances disclosed by the audit and examination call for <br />a more detailed investigation than would be necessary under ordinary circumstances <br />such circumstances will be called to the attention of the City authorities before <br />an investigation in this area, compensation for these additional services shall <br />be at the regular rates designated later in this agreement. <br />064 <br />