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AUDIT APPROACH REDEVFI OPMENTAGENCYJSUCCESSORAGENCY <br />Recent legislation related to the dissolution of Redevelopment Agencies will impact our audit <br />approach as detailed below. <br />Our procedures will include: <br />• Audit the balances reported for cash, investments, receivables, payables, capital assets and <br />long term liabilities as of end of the year. <br />C Review the activity reported on ROPS. <br />• Review the activities of the Successor Agency to ensure compliance with AB 26, AB 1484 and <br />other relevant legislation enacted. <br />APPROACH TO INTERNAL CONTROL <br />Our audit will include obtaining an understanding of the entity and its environment, including internal <br />control, sufficient to assess the risks of material misstatement of the financial statements and to <br />design the nature, timing, and extent of further audit procedures. Our understanding of the internal <br />controls will be completed by completing narratives and checklists for various processes related to <br />internal control. Tests of controls may be performed to test the effectiveness of certain controls that <br />we consider relevant to preventing and detecting errors and fraud that are material to the financial <br />statements and to preventing and detecting misstatements resulting from illegal acts and other <br />noncompliance matters that have a direct and material effect on the financial statements. Our tests, <br />if performed, will be less in scope than would be necessary to render an opinion on internal control <br />and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to <br />Government Auditing Standards. <br />As required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative <br />Requirements, Cost Principles, and Audit Requirement for Federal Awards (Uniform Guidance), we will <br />perform tests of controls over compliance to evaluate the effectiveness of the design and operation <br />of controls that we consider relevant to preventing or detecting material noncompliance with <br />compliance requirements applicable to each major federal award program. However, our tests will be <br />less in scope than would be necessary to render an opinion on those controls and, accordingly, no <br />opinion will be expressed in our report on internal control issued pursuant to the Uniform Guidance. <br />An audit is not designed to provide assurance on internal control or to identify significant <br />deficiencies. However, during the audit, we will communicate to management and those charged <br />with governance internal control related matters that are required to be communicated under AICPA <br />professional standards, Government Auditing Standards, and the Uniform Guidance. <br />26 <br />25E-64 <br />