2012-377 Co Manager - Housing for New Hope Outside agency $20,000

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Independent Auditors' Report On Internal Control Over Financial Reporting and On PETWAY Compliance and Other Matters Based on an Audit Of Financial Statements MILLS & Performed In Accordance With Government Auditina Standards PEARSON, PA To the Board of Directors CBRnFrEDPUB ICAccouNmArm Housing for New Hope, Inc. Durham, North Carolina C.Briggs Petway,Jr. Roger G.Mills We have audited the accompanying financial statements of Housing for New Hope, Inc. Phyllis M.Pearson (the Organization) as of and for the year ended August 31, 2011, which collectively comprises Housing for New Hope, Inc.'s basic financial statements and have issued our report thereon dated December 12, 2011. We conducted our audit in accordance with Zebulon Office auditing standards generally accepted in the United States of America and the standards P.O.Box 1036 applicable to financial.audits contained in Government Auditing Standards, issued by the 1014 N.Arendell Ave. Comptroller General of the United States of America. Zebulon,NC 27597 919269.7405 Internal Control Over Financial Re na 919269.8728 Fax The management of Housing for New Hope, Inc. is responsible for establishing and Raleigh Office maintaining effective internal control over financial reporting. In planning and performing 5116 Bur Oak Cr. our audit, we considered Housing for New Hope, Inc.'s internal control over financial Raleigh,NC 27612 reporting as a basis for designing our auditing procedures for the purpose of expressing 919.7811047 our opinions on the financial statements, but not for the purpose of expressing an opinion 919.781.1052 Fax on the effectiveness of Housing for New Hope, Inc.'s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Organization's internal control over financial reporting. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis. A material weakness is a deficiency or combination of significant deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented or detected and corrected on a timely basis. Our consideration of the internal control over financial reporting was for the limited purpose described In the first paragraph of this section and was not designed to identify Memberships: all deficiencies in the internal control over financial reporting that might be deficiencies, significant deficiencies, or material weaknesses. We did not identify any deficiencies in North Carolina internal control over financial reporting that we consider to be material weaknesses, as Association of defined above. Certified Public Accountants Compliance and Other Matters As part of obtaining reasonable assurance about whether Housing for New Hope, Inc.'s American institute financial statements are free of material misstatement, we performed tests of its of Certified Public compliance with certain provisions of laws, regulations, contracts and grant agreements, Accountants noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an Medical Group opinion. The results of our tests disclosed no instances of noncompliance or other Management matters that are required to be reported under Goverment Auditing Standards. Association