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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, 1997, and have issued our report thereon <br /> dated September 5, 1997. We conducted our audit in accordance with generally <br /> accepted auditing standards and the standards applicable to financial audits con- <br /> tained in Government Auditing Standards, issued by the Comptroller General of the <br /> 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 /> that 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 risk <br /> ' that misstatements in amounts that would be material in relation to the financial <br /> statements being audited may occur and not be detected within a timely period by <br /> employees in the normal course of performing their assigned functions. We noted <br /> ' no matters involving the internal control over financial reporting and its operation <br /> 1 <br />