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19E - COMP FINANCIAL REPORT FY 17/18
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12/18/2018
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19E - COMP FINANCIAL REPORT FY 17/18
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12/13/2018 8:30:06 PM
Creation date
12/13/2018 8:26:42 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
19E
Date
12/18/2018
Destruction Year
2023
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Significant Audit Findings (Continued) <br />Disagreements with Management <br />For purposes of this letter, a disagreement with management is a financial accounting, reporting, or <br />auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial <br />statements or the auditors' report. We are pleased to report that no such disagreements arose during the <br />course of our audit. <br />Management Representations <br />We have requested certain representations from management that are included in the management <br />representation letter dated December 7, 2018. <br />Management Consultations with Other Independent Accountants <br />In some cases, management may decide to consult with other accountants about auditing and <br />accounting matters, similar to obtaining a "second opinion" on certain situations. If a consultation <br />involves application of an accounting principle to the City's financial statements or a determination of <br />the type of auditor's opinion that may be expressed on those statements, our professional standards <br />require the consulting accountant to check with us to determine that the consultant has all the relevant <br />facts. To our knowledge, there were no such consultations with other accountants. <br />Other Audit Findings or issues <br />We generally discuss a variety of matters, including the application of accounting principles and <br />auditing standards, with management each year prior to retention as the City's auditors. However, <br />these discussions occurred in the normal course of our professional relationship and our responses <br />were not a condition to our retention. <br />Other Matters <br />We applied certain limited procedures to the Management's Discussion and Analysis, Budgetary <br />Comparison Schedules - General and Major Special Revenue Funds, Notes to the Required <br />Supplementary Information, Schedule of Changes in Net Pension Liability and Related Ratios and <br />Schedule of Plan Contributions for the Miscellaneous, Safety, and Supplementary Retirement Plans, <br />and Schedule of Changes in the Total OPEB Liability and Related Ratios, which are required <br />supplementary information (RSI) that supplements the financial statements. Our procedures consisted <br />of inquiries of management regarding the methods of preparing the information and comparing the <br />information for consistency with management's responses to our inquiries, the basic financial <br />statements, and other knowledge we obtained during our audit of the basic financial statements. We <br />did not audit the RSI and do not express an opinion or provide any assurance on the RSI. <br />-3- <br />19E-13 <br />
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