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01-13-2021 Council Packet
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01-13-2021 Council Packet
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January 6, 2021 <br />City of Little Canada <br />Page 6 <br /> <br />federal awards applicable to the entity’s federal programs; and informing us of all instances of identified or <br />suspected noncompliance whose effects on the financial statements should be considered. <br />You are responsible for taking timely and appropriate steps to remedy any fraud and noncompliance with <br />provisions of laws, regulations, contracts, and grant agreements that we may report. Additionally, as required by <br />the Uniform Guidance, it is management’s responsibility to evaluate and monitor noncompliance with federal <br />statutes, regulations, and the terms and conditions of federal awards; take prompt action when instances of <br />noncompliance are identified, including noncompliance identified in audit findings; and to follow up and take <br />prompt corrective action on reported audit findings and to prepare a summary schedule of prior audit findings <br />and a corrective action plan. <br />You are responsible for ensuring that management is reliable and for providing us with (1) access to all <br />information of which you are aware that is relevant to the preparation and fair presentation of the financial <br />statements, such as records, documentation, and other matters, and for the accuracy and completeness of that <br />information, and for ensuring the information is reliable and properly reported; (2) access to personnel, <br />accounts, books, records, supporting documentation, and other information as needed to perform an audit <br />under the Uniform Guidance; (3) additional information that we may request for the purpose of the audit; and <br />(4) unrestricted access to persons within the entity from whom we determine it necessary to obtain audit <br />evidence. You agree to inform us of events occurring or facts discovered subsequent to the date of the financial <br />statements that may affect the financial statements. <br />You agree to include our report on the schedule of expenditures of federal awards in any document that <br />contains and indicates that we have reported on the schedule of expenditures of federal awards. You also agree <br />to include the audited financial statements with any presentation of the schedule of expenditures of federal <br />awards that includes our report thereon or make the audited financial statements readily available to intended <br />users of the schedule of expenditures of federal awards no later than the date the schedule of expenditures of <br />federal awards is issued with our report thereon. Your responsibilities include acknowledging to us in the <br />representation letter that (1) you are responsible for presentation of the schedule of expenditures of federal <br />awards in accordance with the Uniform Guidance; (2) you believe the schedule of expenditures of federal <br />awards, including its form and content, is fairly presented in accordance with the Uniform Guidance; (3) the <br />methods of measurement or presentation have not changed from those used in the prior period (or, if they have <br />changed, the reasons for such changes); and (4) you have disclosed to us any significant assumptions or <br />interpretations underlying the measurement or presentation of the schedule of expenditures of federal awards. <br />Management is responsible for the preparation and fair presentation of other supplementary information in <br />accordance with U.S. GAAP. You agree to include our report on the supplementary information in any document <br />that contains, and indicates that we have reported on, the supplementary information. You also agree to include <br />the audited financial statements with any presentation of the supplementary information that includes our <br />report thereon or make the audited financial statements readily available to users of the supplementary <br />information no later than the date the supplementary information is issued with our report thereon. You agree <br />to provide us written representations related to the presentation of the supplementary information. <br />Management is responsible for providing us with a written confirmation concerning representations made by <br />you and your staff to us in connection with the audit and the presentation of the basic financial statements and <br />RSI. During our engagement, we will request information and explanations from you regarding, among other
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