Agenda - 05-08-2002 - 8c - Laserfiche WebLink

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6 REPRESENTATION FRONIMANAGEMENT Management is responsible for me fair presentation of de basic financial statements in conformity with punting principles generally accepted in the United States ofAmaim for malting all financial records and related information available to" and for identifying and smarting that the entity complies with the laws and regulations applicable to its activities. Management is also responsible for adjusting the basic i cisl smmmems w coma material rNSSnuemenu.Additionally,w required by OMB Circular A-133 and the State Single Audit Implementation Am it is management's resperuibdity to follow up and rake corrective action on prior audit fmmngs and to prepare a summary schedule of prior audit Endings and a motive action plan The summary scbemne ofpnor audit findings and de mnective action plan should be made available to us during the course of our engagement At the conclusion of on: engagement,de County's management will provide to us a representation lattice that,among aher clangs,addresses these matters and caMrtw certain representations made during the audit, including, to the beat of three knowledge and belief, the absence of baud involving management or dose employees who have significant roles in the entity's interval conbol,or nations where it could have ammenm effect on cud basic general purpose financial statements. The repreamtation letter will elan effrm w us that management believes that the effncs of any uncomected miszmtemenu aggregated pemaiming to the current year basic general purpose financial scamments are immaterial,both individually and in the aggregate, w the basic general purpose financial statements taken as awhole. COMM"ICATIONS At the conclusion of the engagement,we will provide management, W a mutually agreeable former, am ruccramendamons designed w help the County make improvements ta its morporl co rtal structure and operstiora,and oNer matters that may come w our attention(see"Responsibilities as W Internal Canals" above) As pan of this engagement we will easme dust cemaia additional matters are communicated to the appropriate members of managemem and the Couny Conuwssimm. Such manes include(1)the hddal selection of and changes w significant accounting policies and their application;(2)the process used by manggement in formulating parricubrly,sensitive accounting esdmmes and de basis for our conclusion regarding the reasonableness ofthoze estirrical(3)audit adjumnents flat could,in ourjudgenten4 eider individually or in the aggregate be significant to the basic fmamial sta xments or am report; (4) any disagrccmenrs with matugemeat mviceming a insured accounting,reporting or auditing matter that could be significant to the basic fmaneial stietements; (5) our views about matters that went de subject of maragenam's consultation with mhet accountants about auditing said mmmuivg mauers;(6)jar issues dat were discussed wide management m connacdan wide de retention ofour services,including among ocher matters,any discussions regarding the applicationof accounting principles and auditing standards; ('n serious difficulties that we encountered in dealing wide management related W the perfomunce of to audit; and (8) total fees for management advisory services during de year under mdic, including a description of the types of such services rendered.