1996-10-09 - CC Packet - Laserfiche WebLink

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z A DO gABDO ICK September 25, 1996 CERTIFIED PUBLIC ACCOUNTANTS AND CONSULTANTS Honorable Mayor and City Council City of Centerville Centerville, Minnesota This letter will confirm our understanding of the services we will provide for the City of Centerville for the year ended December 31, 1996. We will audit the general purpose financial statements of the City as of and for the year ended December 31, 1996. Our audit will be made in accordance with generally accepted auditing standards and government auditing standards and will include tests of the accounting records of the City of Centerville and other procedures we consider necessary to enable us to express an unqualified opinion that the financial statements are fairly presented, in all material respects, in conformity with generally accepted accounting principles. If our opinion is other than unqualified, we will fully discuss the reasons with you in advance. Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will also request certain written representations from you about the financial statements and related matters. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. Also, we will plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. However, because of the concept of reasonable assurance and because we will not perform a detailed examination of all transactions, there is a risk that material errors, irregularities, or illegal acts, including fraud or defalcations, may exist and not be detected by us. We will advise you, however, of any matters of that nature that come to our attention. Our responsibility as auditors is limited to the period covered by our audit and does not extend to matters that might arise during any later periods for which we are not engaged as auditors. Member of American Institute of Certified Public Accountants Private Companies Practice Section 115 EAST HEKORY SR[ET. SORE Al2 M EASE PEARL SIAFET IDL IgRTHLWD "M M WK )1W MR w 1PN WFS( 85,H SIREFP MA KA10.11PMP'AEA 1111W OvAlON5U M0lNE"OG 5YV m MWNEAIOIJS NWM1'FSOfA 55111 15011 NRRI JW14U." 16R) 11STL EA %IW>! 1131 MIW]I 4514M FA%161p @MMN