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11-13-1996 Council Agenda
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11-13-1996 Council Agenda
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AGREEMENT FOR AUDITING /ACCOUNTING SERVICES <br />This agreement by and between the CITY OF LITTLE CANADA, MINNESOTA hereinafter <br />referred to as the "City ", and the accounting firm of TAUTGES, REDPATH & CO., LTD., <br />hereinafter referred to as the "Auditors ", WITNESSETH: <br />In consideration of their mutual covenants and agreements as hereinafter set forth, the parties <br />hereto contract and agree as follows: <br />I. <br />The Auditors agree to perform an audit of the financial statements and transactions of the <br />City for the year ending December 31, 1996. The scope of the services includes the following: <br />Financial audit of all funds and account groups of the City of the year ending <br />December 31, 1996 in accordance with generally accepted auditing standards as set <br />forth by the American Institute of Certified Public Accountants and the standards set <br />for financial audits in the U.S. General Accounting Office's (GAO) Government <br />Auditing Standards. <br />Opinion scope to cover the general purpose financial statements with an "in- relation- <br />to" opinion on the combining individual fund and account group financial statements. <br />The State Legal Compliance Audit is included in the scope of service. <br />Such audit will include tests of the accounting records and such other audit procedures as are <br />considered necessary to enable the Auditors to render an opinion on the fairness of the City's <br />financial statements. It is not contemplated that the audit will be a detailed examination of all <br />transactions nor that the audit will necessarily discover mis- conduct, should any exist. The <br />Auditors will, however, promptly inform the City of any findings which appear unusual or <br />abnormal. <br />Page 22 <br />
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