2023d ABC Board Minutes - Laserfiche WebLink

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Corrected Misstatements For purposes of this communication, professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that we believe are trivial, and communicate them to the appropriate level of management. Further, professional standards require us to communicate the effect of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the financial statements as a whole. Management has corrected all such misstatements. In addition, none of the misstatements detected as a result of audit procedures and corrected by management were material, either individually or in the aggregate,to the financial statements taken as a whole. Disagreements with Management For purposes of this letter,professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the ABC Board's financial statements or the auditor's report. No such disagreements arose during the course of the audit. Representations Requested from Management We have requested certain written representations from management, which are included in that letter dated September 28, 2023. i Management's Consultations with Other Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing and accounting matters. Other Significant Matters Findings or Issues In the normal course of our professional association with the ABC Board, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, business conditions affecting the ABC Board, and business plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the ABC Board's auditor. This report is intended solely for the information and use of the Board of Directors of the ABC Board and is not intended to be, and should not be,used by anyone other than these specified parties. We appreciate the time and consideration extended to us by the ABC Board's personnel during our audit. If we can be of further assistance,or if you have any questions,please do not hesitate to contact us. Very truly yours, D'?12�5 �l'1'G✓ Certified Public Accountants Greensboro,North Carolina I 3