2022 08-08 CC PACKET - Laserfiche WebLink

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We. evaluated the .key factors:and assumptions. used by managernipptto.develop these accounting estimates in determining that they'are reasonable. in. relation to ffie: basic financial statements taken as a whole. The:financial .statement disclosures.are neutral, consistent, and clear. DIFFICULTIES ENCOUNTERED IN PERFOILM INC, TIv., AUDIT We'encountered no significant difficulties in dealing.with management. in perfonming.and completingour audit. CURRECFEn AND UNCORRECTED MISSTATEMENTS Professional standards require.us to. ace umulate all known. and. likely misstatements identified during -the. audit, other than those that are clearly .trivial, and. communicate them to the appropriate level of management. There -were -no misstatements.detected as a result.of audit procedures that were material, either individually or in the aggregate, to each -opinion unit's financial statements taken as a whole. DISAGREEMENTS WITH MAN;A,GE-? ENT For purposes of this report, a disagreement with management is a frnancdtal accounting, :reporting, or Auditing matter, whether or not resolved to our .satistkilon, that catlld be significant to the financial statements or the auditor's. report. Ve are pleased .to teport that no *such disagreements arose. during the course of our audit: MANAGEMENT REPRESENTATIONS We have .requested certain representations from management that are included in the management representation letter dated July 27, 2022. MANAGEMENT CONSULTATIONS WI111 OTIMER1146EPENDENT ACC OU XTAN7S In some cases,.managem.ent may decide to consult with other.aecountants:about.auditing and accounting matters, similar to obtaining a "second opinion" oil certain situations. If a ciirisultation involves application of an accounting principle to the. City's financial statements or 4. determination of the type of auditor's opinion that may be expressed on those statements, our professional standards require the. consulting accountant to check. With us to deteit nine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other. accountants. OTHER Al DIT FINDINGS.OR ISSUES We generally discuss a variety of matters, including the application of accounting principles and auditing Standards with management each year -prior to.retenntion. as the City's auditors. However, these discussions Qccutred.*in-the normal.course:io#-om-.professional relationship and our responses were riot.acondition to our retention. OTIIER MATTERS We were not engaged to report on the introductory section, which accompanies the financial statempts, but is not required. supplementary information. Such information has not been subjected to the auditing. procedures applied in the audit of the bagic. financial statements'and, accordingly, we do not express an opinion. or provide any assurance on it. 3r