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Alvin M. Kern <br /> Duane N. DeWenter <br /> Loren M. Viere <br /> KEA/ Gerald A. Stover <br /> Kern, DeWenter, Viere, Ltd. Keith W. Julson <br /> D wayne B. Dockendorf <br /> Certified Public Accountants David H. Hinnenkamp <br /> July 19, 1994 <br /> JUL 211994 <br /> Honorable Mayor and City Council <br /> C/O Tom Kelly, Finance Director <br /> City of Falcon Heights <br /> 2077 W. Larpenteur Avenue <br /> Falcon Heights, MN 55113 <br /> Dear Mr. Kelly: <br /> We are prepared to audit the City's general purpose financial <br /> statements as of and for the year ending December 31, 1994, subject <br /> to the City Council's approval. <br /> Our audit will be made in accordance with generally accepted <br /> auditing standards and will include tests of the accounting records <br /> of the City of Falcon Heights and other procedures we consider <br /> necessary to enable us to express an unqualified opinion that the <br /> financial statements are fairly presented, in all material <br /> respects, in conformity with generally accepted accounting <br /> principles. If our opinion is other than unqualified, we will <br /> fully discuss the reasons with you in advance. <br /> Our procedures will include tests of documentary evidence <br /> supporting the transactions recorded in the accounts, and may <br /> include tests of the physical existence of inventories, and direct <br /> confirmation of receivables and certain other assets and <br /> liabilities by correspondence with selected individuals, creditors <br /> and banks. We will request written representations from your <br /> attorneys as part of the engagement, and they may bill you for <br /> responding to this inquiry. At the conclusion of our audit, we <br /> will also request certain written representations from you about <br /> the financial statements and related matters. <br /> An audit is based primarily on the selective testings of accounting <br /> records and related data; therefore, our audit will involve <br /> judgment about the number of transactions to be audited and the <br /> areas to be tested. Because we will not perform a detailed audit <br /> of all transactions, there is a risk that material errors, <br /> irregularities, or illegal acts, including fraud or defalcations, <br /> may exist and not be detected by us. We will advise you, however <br /> of any matters of that nature that come to our attention. Our <br /> responsibility as auditors is limited to the period covered by our <br /> audit and does not extend to matters that might arise during any <br /> later periods for which we are not engaged as auditors. <br /> 220 Park Avenue South P.O. Box 1304 St. Cloud, MN 56302 <br /> 612- 251 -7010 FAX 612- 251 -1784 <br />