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19C - EMPOWERMENT-FINANCIAL AUDIT FY 2009-2010
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19C - EMPOWERMENT-FINANCIAL AUDIT FY 2009-2010
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Last modified
1/3/2012 3:59:38 PM
Creation date
9/15/2010 2:15:47 PM
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City Clerk
Doc Type
Agenda Packet
Item #
19C
Date
9/20/2010
Destruction Year
2015
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Management Representations <br />We have requested certain representations from management that are included in the management <br />representation letter dated September 10, 2010. <br />Management Consultation with Other Independent Accountants <br />In some cases, management may decide to consult with other accountants about auditing and accounting <br />matters, similar to obtaining a "second opinion" on certain situations. If a consultation involves application of <br />an accounting principle to the Organization's financial statements or a determination of the type of auditor's <br />opinion that may be expressed on those statements, our professional standards require the consulting <br />accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, <br />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 auditing <br />standards, with management each year prior to retention as the Organization's auditors. These discussions <br />occurred in the normal course of our professional relationship, and our responses were not a condition to our <br />retention. <br />This information is intended solely for the information and use of the Mayor, City Council and management <br />of the Organization and is not intended to be and should not be used by anyone other than these specified <br />parties. <br />?? ?- a.." I D <br />Certified Public Accountants <br />Newport Beach, California <br />September 10, 2010 <br />19C-5
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