06/30/1976-FISCAL AUDITS - Laserfiche WebLink

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2 - III - PERSONNEL CONTACTED �) We contacted and discussed the results of this report and our audit with the following personnel. Name Title Mr. Robert A. Maxim Program Director Mr. Kevin D. O ' Connell Selectman Mrs. Joan Muse Town Accountant Mr. Frank E. Hicks Executive Secretary This review was conducted by the following members of our staff. James P. Milone Senior C.P.A. Robert Hirsch Staff Accountant IV - SCOPE OF AUDIT We have examined the financial statements of the Town of Mashpee - Title X, Outdoor Living Exhibit from inception February 23 , 1976 to its completion at February 28, 1977 and have issued our report thereon dated May 25, 1977. As part of our examination, we have made a study of those internal accounting and administrative control procedures of the grantee that we considered relevant to the criteria established by the Community Services Administration, (C.S.A. ) as set forth in section VI and Appendix A of its Accounting System Survey and Audit Guide issued January 1975. Our study included tests of compliance with such procedures as applicable to Grant #01-1022J7601, described in Section II of this report during the period from February 23 , 1976 through February 28, 1977. 1 V - SUMMARY OF AUDITORS OBSERVATIONS AND RECOMMENDATIONS The objective of internal accounting control is to provide reasonable, but not absolute, assurance as to the safeguarding of assets against loss from unauthorized use or disposition, and the reliability of financial records for preparing financial statements and maintaining accountability for assets. We understand that the objective of those administrative control procedures comprehended in C.S .A. ' s criteria is to provide similar assurance as to compliance with its requirements. The concept of reasonable assurance recognizes that the cost of a system of internal control should not exceed the benefits derived and also recognizes that the evaluation cMwaLl3 E.o,P...a co..eosroH.Mss.