m. For identifying and ensuring that the City complies with laws, regulations, grants, and
contracts applicable to its activities and its federal award programs and implementing
systems designed to achieve compliance with applicable laws, regulations, grants, and con-
tracts applicable to activities and its federal award programs.
n. For adjusting the financial statements to correct material misstatements and confirming to us
in the management representation letter that the effects of any uncorrected misstate-
ments aggregated by us during the current engagement and pertaining to the current year
period(s) under audit are immaterial, both individually and in the aggregate, to the financial
statements as a whole.
o. For maintaining adequate records, selecting and applying accounting principles, and safe-
guarding assets.
p. For confirming your understanding of your responsibilities as defined in this letter to us in
your management representation letier.
With regard to the supplementary information referred to above, you acknowledge and under-
stand your responsibility: (a) for the preparation of the supplementary information in accordance
with the applicable criteria; (b) to provide us with the appropriate written representations regarding
supplementary information; (c} to include our report on the supplementary information in any
document that contains the supplementary information and that indicates that we have reported
on such supplementary information; and (d) to present the supplementary information with the
audited financial statements, or if the supplementary information will not be presented with the
audited financial statements, to make the audited financial statements readily available to the
intended users of the supplementary information no later than the date of issuance by you af the
supplementary information and our report thereon.
As part of our audit process, we will request from management and, when appropriate, those charged
with governance, written confirmation concerning representations made to us in connection with
the audit.
Reporting
We will issue a written report upon completion of our audit of the City’s basic financial statements.
Our report will be addressed to the Mayor and Board of Aldermen of the City. We cannot provide
assurance that unmodified opinions will be expressed. Circumstances may arise in which it is
necessary for us to modify our opinions, add an emphasis-of-matter or other-matter paragraphs,
or withdraw from the engagement.
In accordance with the requirements of Government Auditing Standards, we will also issue a written
report describing the scope of our testing over internal control over financial reporting and over
compliance with laws, regulations, and provisions of grants and contracts, including the results of
that testing. However, providing an opinion on internal control and compliance over financial
reporting will not be an objective of the audit and, therefore, no such opinion will be expressed.
