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' REPORT ON COMPLIANCE AND ON INTERNAL CONTROL <br /> OVER FINANCIAL REPORTING BASED ON AN AUDIT OF <br /> FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE <br /> WITH GOVERNMENT AUDITING STANDARDS <br /> ' To the Board of Selectmen <br /> ' Town of Mashpee, Massachusetts <br /> ' We have audited the financial statements of the Town of Mashpee, Massachusetts, <br /> as of and for the year ended June 30, 1999, and have issued our report thereon <br /> dated September 9, 1999. We conducted our audit in accordance with generally <br /> ' accepted auditing standards and the standards applicable to financial audits <br /> contained in Government Auditing Standards, issued by the Comptroller General <br /> of the United States. <br /> Compliance <br /> ' As part of obtaining reasonable assurance about whether the Town's financial <br /> statements are free of material misstatement, we performed tests of its compliance <br /> ' with certain provisions of laws, regulations, contracts and grants, noncompliance <br /> with which could have a direct and material effect on the determination of financial <br /> ' statement amounts. However, providing an opinion on compliance with those <br /> provisions was not an objective of our audit and, accordingly, we do not express <br /> such an opinion. The results of our tests disclosed no instances of noncompliance <br /> tthat are required to be reported under Government Auditing Standard. <br /> ' Internal Control Over Financial Reporting <br /> In planning and performing our audit, we considered the Town's internal control <br /> over financial reporting in order to determine our auditing procedures for the <br /> purpose of expressing our opinion on the financial statements and not to provide <br /> assurance on the internal control over financial reporting. Our consideration of the <br /> ' internal control over financial reporting would not necessarily disclose all matters <br /> in the internal control over financial reporting that might be material weaknesses. <br /> A material weakness is a condition in which the design or operation of one or more <br /> ' of the internal control components does not reduce to a relatively low level the <br /> risk that misstatements in amounts that would be material in relation to the general <br /> purpose financial statements being audited may occur and not be detected within <br /> ' a timely period by employees in the normal course of performing their assigned <br /> functions. We noted no matters involving the internal control over financial <br /> 1 <br /> 1 <br />