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City of St. Anthony, Minnesota <br />Engagement Letter <br />November 3, 2005 <br />Page 5 <br />objective of our audit will not be to provide an opinion on overall compliance and we will not <br />express such an opinion. <br />Audit Procedures —internal Controls <br />In planning and performing our audit, we will consider the internal control sufficient to <br />plan the audit in order to determine the nature, liming and extent of our auditing procedures <br />for file purpose of expressing our opinion on the City of St. Anthony, Minnesota's financial <br />statements. <br />We wilt obtain an understanding of t:he design of the relevant Controls and whether they <br />have been placed in operation, nud tire, will assess control risk. Tesis of controls may be <br />performed to test the effectiveness of certain coUrols that we consider relevant. 1.0 preventing <br />and detecting erro s and fraud that mo material to the financial statements and to preventing <br />and detecting misstatements resulting from illegal acts and other noncompliance matters that <br />have a direct and material effect on the financial statements. Testas of controls are required <br />only if control aisle is assessed below the maximum. level. Our tests, if performed) wilt be less <br />in scope than would be necessary to render an opinion on the internal control and, <br />accordingly, no opinion will be expressed in our repot on internal control issued pursuant to <br />Government Auditing Standards. <br />An audit is not designed to provide assurance on internal control or to .identify reportable <br />conditions. Idowever, we will inform the governing body or audit comnnittee of any matters <br />involving internal control and its operation that: we consider to be reportable conditions under <br />standards established by the American Institute of Certified Public Accountants. Reportable <br />conditions involve matters corning to our attention relating to significant deficiencies in the <br />design or operation of the internal control that, in our judgment, could adversely affect the <br />entity's ability to record, process, summarize, and report financial data consistent with the <br />assertions of management in the financial statements. We will also inform you of any <br />nonreportable conditions or other matters involving internal control, if any, as required by <br />Government Auditing Standards. <br />693090.1 <br />m <br />