Laserfiche WebLink
' DR <br /> AFT <br /> oard of Selectmen Page two <br /> own of Mashpee, Massachusetts <br /> nstructions, mistakes of judgment, carelessness, or other personal factors. <br /> ontrol procedures whose effectiveness depends on segregation of duties can be <br /> ircumvented by collusion. Similarly, control procedures can be circumvented <br /> intentionally by municipal employees either with respect to the execution and <br /> recording of transactions or vith respect to the estimates and judgments required <br /> in the preparation of financial statements. Further projection of any evaluation Y <br /> kibf internal accounting control to future periods is subject to the risk that the <br /> I <br /> procedures may become inadequate because of changes in conditions or that the <br /> p <br /> P <br /> "degree of compliance with the procedures may, deteriorate. <br /> My study and evaluation of the town's system of internal accounting controls <br /> 'for the year ended June 30, 1988, which was made for the purpose set forth in the <br /> first paragraph, would not necessarily disclose all weaknesses in the system. <br /> I <br /> However, my testing and review did disclose weaknesses that I believe should <br /> be brought to your attention. DRAFT <br /> The sections of this letter vhich' follow explain the specific areas where <br /> improvement in controls and/or systems are recommended and offers a means for <br /> Corrective action. <br /> DRAFT <br /> I wish to thank the town officials and their staff for their cooperation and <br /> appreciate the opportunity to serve the Town of Hashpee in this engagement. <br /> I shall be pleased to discuss my comments and recommendations in greater <br /> �dtail and will be available to arrange to assist in the implementation of <br /> figgested changes. <br /> 7 <br /> . DRAFT <br /> nuary 23, 1989 <br /> MICHAEL J. CICORIA. CERTIFIED PUBLIC ACCOUNTANT <br />