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City of Falcon Heights January 13, 2003 Page 3 • confirmation of receivables and certain of Individuals, creditors, and financial institutionsss We wl 1 regluestswritten reSrese ence with selected attorneys as part of the engagement, and they may bill you for re ondin to this in ui conclusion of our audit, we will also require certain written r resent ~ ntations from your ~ g q n'• At the financial statements and related matters. eP ations from you about the Identifying and ensuring that the City complies with Laws, regulations, contracts and a is the responsibility of management. As part of obtaining reasonable assurance about w a"eements general purpose financial statements are free of material misstatement, we will perform tests o City's compliance with applicable laws and regulations and the rov' ~ hether the f the agreements. However, the objective of our audit will not be to provide lan opinion on overal compliance and we will not express such an opinion. Audit Procedures -Internal Controls In planning and performing our audit, we will consider the internal control sufficient audit in order to determine the nature, timin to plan the purpose of expressing our opinion on the City'sggeneral purpose financ al tatements.dures for the 1 We will obtain an understanding of the desi placed in operation, and we will assess contol sk. eTests of controls maybe erfo they have been effectiveness of certain controls that we consider relevant to preventing and detectin e fraud that are material to the general purpose financial statements and to r p rmed to test the misstatements resulting from illegal acts and other noncompliance matters that hav g rrors and • material effect on the general p eventing and detecting control risk is assessed belowptl~e maxifiinn~ lev 1) OurttestsT if s erformed is are required only if ,will be less in scope than would be necessary to render an opinion on internal control aped, accordingly, no o i be expressed. p mon will An audit is not designed to provide assurance on internal control or to identi r conditions. However, we will inform the governing body or audit committee of an involving internal control and its operation that we consider to be r ~ ~°rtable standards established b the Y matters Y American Institute of Certified Public Accountants.dl Reportable _ conditions involve matters coming to our attention relatin to si or operation of the internal control that, in our 'ud g gruficant deficiencies in the design to record, process, summarize, and report financial ~ d to dconsist nt witht the easseYrtionsillty management in the general purpose financial statements. of Audit Administration, Fees, and Other We understand that your employees will r will locate any invoices selected by us for test nge all cash or other confirmations we request and The workpapers for this engagement are the ro constitute confidential information. However, we may e~equestedoemakeecertain wortda and available to cognizant or grantor agencies pursuant to authori kp pars requested, access to such workpapers will be provided under the supervision of Kern, DeWenter Viere, Ltd. personnel. Furthermore, upon re ue ~ given to it by law or regulation. If workpapers to the Cognizant or Grantor A enc q st, we may provide photocopies of selected g Y The Cognizant or Grantor Agency may intend,