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PRINCIPALS <br />K~NNETH W. I~U'tJ..LOY, C4~A <br />THOMAS M. MONTAGOF.. CI:,A <br />THOMA~ A. KARNOWSKi. CPA <br /> <br />October 17, 1994 <br /> <br />Ms. Jessie Hart <br />Ramsey Fire ReLief A~sociation <br />15153 Nowthen Blvd. NW <br />· Rarnsey, MN 55024 <br /> <br />Dear Ms. Hart: <br /> <br />We are pleased to confirm our understamfing of*he services we are to provide for the Ramsey Fire Relief <br />Azsociatian fr)r the risc'al year ending December 31, 1994. We will audit the general purpose financial <br />statements of the Association as of and for the year ending December 31, 1994. <br /> <br />Our audit will be conducted in accordance with generally accepted auditing standards and will include <br />tests of the accounting records of the Association and other profiedures we consider necessary to enable <br />us to express an unqualified opinion that the financial statements are fairly presented, in all material <br />respects, in cowry with gener-aJ.ly accc'pted accounting principles. If our opinion is other than <br />unqualified, we will fully dismss the reasons with you in advance. <br /> <br />In addition, we will per/unn the required State Leg'al Compliance Audit conducted in accordance with <br />generally accepted auditing standards and the provisions of the Lexal .Compliance Audit .Guide <br />promulgated by the Legal Compliance Task Farce pursuant to Minnesota Statutes § 6.65, and will include <br />such tests of the accounting records and other procedures we consider necessary to enable us to conclude <br />that for the items tested, the Association has complied with the material terms and condkiom of apphcabIe <br />legal provisions. <br /> <br />Our procedures will include tests of documentary evidence supporting the transactions recorded in the <br />accounts and may include tesu of the physical existence of inventories and dire~ confirmation of <br />receivables and certain other assets and liabilities by correspondence with selected individuals, creditors, <br />and financial insfitutiom. We will request written representations fi.om your attorneys as part of the <br />engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we <br />will also request certzJn written representations from you about.the financial statements ,'md related <br /> <br />H <br /> <br /> <br />