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PRINCIPALS <br />KENNE"rH W MALLOY, OPA <br />TI"~3~V~AS A. KARNOMVSKi. (~i¢~'A <br />PALJL A. R.ADOSEV~CH, CI=,A <br /> <br />Jul)' 15, 1993 <br /> <br />Ms. Jessie Hart <br />Ramsey Fire Relief Association <br />15153 Nowthen Boulevard NW <br />Ramsey, MN 55024 <br /> <br />Dear Ms. Hart: <br /> <br />We are pleased to confirm our understanding of the services we are to provide for the Ramsey Fire Relief <br />Association for the fiscal >,ear ended December 31, 1993. We will audit the general purpose financial <br />statements of the Association as of and for the year ended December 31, 1993. <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 procedures 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 conformity with generally accepted accounting principles. If our opinion is other than <br />unqualified, we will fully discuss the reasons with you in advance. <br /> <br />In addition, we will perform the required State Legal Compliance Audit conducted in accordance with <br />generally accepted auditing standards and the provisions of the Le...eal Compliance Audit Guide <br />promulgated by the Legal Compliance Task Force pursuant to Minnesota Statutes Section 6.65, and will <br />include such tests of the accounting records and other procedures we consider necessary to enable us to <br />conclude that for the items tested., the Association has complied with the material terms and conditions <br />of applicable legal provisions. <br /> <br />Our procedures will include tests of documentary evidence supporting the transactions recorded in the <br />accounts and may include tests of the physical existence of inventories and direct confirmation of <br />receivables and certain other assets and liabilities by corre~spondence with selected individuals, creditors, <br />and financial institutions. We will request written representations from 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 certain written representations from you about the financial statements and related <br />matters. . - <br /> <br />/7 <br /> <br /> <br />