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BLISS & MARZELLI <br /> CERTIFIED PUBLIC ACCOUNTANTS <br /> 254-B SHORE ROAD <br /> t <br /> P.O. BOX 1025 <br /> MONUMENT BEACH, MA 02553 <br /> TELEPHONE(508)759.4110 <br /> INDEPENDENT AUDITOR'S RERORT QN INTE#?NAL CONTROL <br /> STRUCTURE RELATED h1ATTERS iVOTED IN A FiNANGIAL <br /> u STATEMENT AUDIT CONDUCTED IN ACCORDANCE <br /> WITH GOVERNMENT AUDITING STamnpRDS <br /> t <br /> Board of Selectmen <br /> Town of Mashpee <br /> Mashpee, Massachusetts <br /> Honorable Selectmen: <br /> f <br /> We have audited the general purpose financial statements of the <br /> Town of Mashpee, Massachusetts for the year ended June 30 i969, and <br /> have issued our, report thereon dated November 8, iSSS. <br /> We conducted our audit in accordance with generally accepted <br /> auditing standards and Government Arediting Standards, issued by the <br /> Comptroller General of the United States. Those standards require <br /> that we plan and perform the audit to obtain reasonable assurance <br /> about whether the financial statements are free of material misstate- <br /> ment. <br /> IT, planning and Performingaudit <br /> our of the financial statements <br /> of the Town of Mashpee, Massachusetts far the year ended June nt <br /> 19891 we considered its internal 30, <br /> control structure in order to deter- <br /> mine our auditing procedures for the purpose of expressing our, opinion <br /> on the general purpose financial statements and not to provide as- <br /> surance or, the internal control structure. <br /> The management of the Town of Mashpee, Massachusetts is respon- <br /> sible for establishing and maintaining an internal control structure. <br /> In fulfilling this responsibility, estimates and judgments by manage- <br /> ment are required to assess the expected benefits and related casts of <br /> internal control structure policies and procedures. The objectives of <br /> an internal control structure are to provide management with <br /> reasonable, but not absolute, assurance that assets are safeguarded I�' ! <br /> against lass from unauthorized use or disposition, and that transac- <br /> tions are executed in accordance with management' s authorization and I �" <br /> recorded Properly to <br /> ,s P p y permit the preparation of financial statements in �. <br /> accordance with generally accepted accounting principles. Because of <br /> inherent limitations in any internal control structure, errors or in- <br /> regularities may nevertheless occur and not be detected. Also, '* <br /> Projection of any evaluation of the structure to future periods is <br /> subject to the risk that procedures may became inadequate because of <br /> changes in conditions or that the effectiveness of the design and <br /> operation of policies and procedures may deteriorate. <br /> 5 <br />