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Agenda - Council Work Session - 06/27/2023
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Agenda - Council Work Session - 06/27/2023
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3/13/2025 11:20:43 AM
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6/27/2023 11:42:42 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
06/27/2023
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DIFFICULTIES ENCOUNTERED IN PERFORMING THE AUDIT <br />We encountered no significant difficulties in dealing with management in performing and completing our <br />audit. <br />CORRECTED AND UNCORRECTED MISSTATEMENTS <br />Professional standards require us to accumulate all known and likely misstatements identified during the <br />audit, other than those that are clearly trivial, and communicate them to the appropriate level of <br />management. There were no misstatements detected as a result of audit procedures that were material, <br />either individually or in the aggregate, to each opinion unit's financial statements taken as a whole. <br />DISAGREEMENTS WITH MANAGEMENT <br />For purposes of this report, a disagreement with management is a financial accounting, reporting, or <br />auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial <br />statements or the auditor's report. We are pleased to report that no such disagreements arose during the <br />course of our audit. <br />MANAGEMENT REPRESENTATIONS <br />We have requested certain representations from management that are included in the management <br />representation letter dated June 13, 2023. <br />MANAGEMENT CONSULTATIONS 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 <br />application of an accounting principle to the City's financial statements or a determination of the type of <br />auditor's opinion that may be expressed on those statements, our professional standards require the <br />consulting accountant to check with us to determine that the consultant has all the relevant facts. To our <br />knowledge, 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 City's auditors. However, these discussions <br />occurred in the normal course of our professional relationship and our responses were not a condition to <br />our retention. <br />-4- <br />
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