2015 12-15 CC PACKET - Laserfiche WebLink

Home

December.5i 2015 City of Gem Lake. Page 5 You are responsible for ensuring that management is reliable and for providing us with (1) access to all Information of which you are aware that is relevant. to the preparation and fair presentation of the financial statements, .such as records, documentation,. and other matters, and for the accuracy .and completeness of that information, and fo.r ensuring the information is reliable and properly reported; (2) additional information that we may request for the purpose of the audit; and (3) unrestricted. access to persons within the entity from whom we determine it necessary to obtain audit evidence. You agree .to inform us of events occurring of facts discovered subsequent to the date of the financial statements that may affect the:financial statements. Management is responsible for the: preparation of the supplementary information in accordance. with U.S. GAAR, You agree to include our report on the supplementary information in any document that contains; .and indicates that we. have reported on; the supplementary information. You also agree to include the audited financial. statements with any presentation of thesupplementarj+ information that includes our report thereon of make the audited financial statements readily avail.abie to users of the supplementary information no later than the date the supplementary information is Issued with our report thereon. You agree to provide .us. written representations related to the presentation of the supplementary information. Management is responsible for .providing us with a written confirmation concerning. representations made by you and your staff to us in connection with the audit and: the presentation of the basic'financial statements and RSI. During our engagement, we will request information and explanations from you regarding, among other matters, the entity's .activities, internal control, future.. plans, specific t-r transactions, andaccounting systems. and procedures. The procedures we will perform during our engagement and the. conclusions we reach as a basis for our report will be heavily influenced by the representations that we receive in: the representation letter and otherwise from you. Accordingly, inaccurate, incomplete, or false representations could cause us to expend unnecessary. effort or could cause a material fraud or error to go undetected by our procedures., in view of the foregoing, you agree that we shall not. be responsible for any misstatements. in the entity's financial statements thatwe may fail to detect as a result of misrepresentations made to us by you. Management is responsible for establishing and Maintaining a process for. tracking the status of audit.. findings.and recommendations. Management is .also responsible for jdentifying for us previous: financial audits, attestation engagements, performance audits, or other studies` related to the objectives discussed in the "Audit objectives" section of this letter. This responsibility includes relaying to us corrective actions taken to address .significa.nt find.ings and recommendations resulting from those audits, attestation engagements, performanceaudits, or other engagements or studies. You are also responsible for providing management's views on our current findings, conclusions, and recommendations; as well as your planned :corrective. actions for the report, and for the timing and format for providing that information.