Laserfiche WebLink
A deficiency in internal control over compliance exists when the design or operation of a control does not <br />allow management or employees, in the normal course of performing their assigned functions, to prevent <br />or detect and correct, noncompliance on a timely basis. A material weakness in internal control over <br />compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that <br />there is a reasonable possibility that material noncompliance with a compliance requirement will not be <br />prevented, or detected and corrected, on a timely basis. <br />Our consideration of internal control over compliance was for the limited purpose described in the first <br />paragraph of this section and was not designed to identify all deficiencies in internal control that might be <br />deficiencies, significant deficiencies or material weaknesses. <br />We did not identify any deficiencies in internal control over compliance that we consider to be material <br />weaknesses, as defined above. <br />This report is intended solely for the information and use of the Agency's Board of Directors, <br />management, and the State Controller's Office, Division of Accounting and Reporting and is not intended <br />to be and should not be used by anyone other than these specified parties. <br />Newport Beach, California <br />November 29, 2011 <br />48 <br />