06/30/1999-FISCAL AUDITS - Laserfiche WebLink

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1 MELANSON HEATH & COMPANY, PC t CERTIFIED PUBLIC ACCOUNTANTS MANAGEMENT ADviso RS ' Corporate Place 93, Suite 114 too Burtt Road To the Board of Selectmen Andover, MA ot8to ' Tel (978) 749-0005 • Fax (978) 749-0006 Town of Mashpee, Massachusetts We have audited the financial statements of the Town of Mashpee, Massachusetts ' as of and for the year ended June 30, 1999 and have issued our report thereon dated September 9, 1999. As part of our audit, we made a study and evaluation of ' the Town's system of internal accounting control to the extent we considered neces- sary to evaluate the system as required by generally accepted auditing standards. ' Under these standards, the purpose of such evaluations are to establish a basis for reliance on the system of internal accounting control in determining the nature, timing and extent of other auditing procedures that are necessary for expressing an ' opinion on the financial statements. ' The management of the Town of Mashpee, Massachusetts is responsible for establishing and maintaining a system of internal accounting control. In fulfilling ' this responsibility, estimates and judgments by them are required to assess the expected benefits and related costs of control procedures. The objectives of ' such a system are to provide reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with required authorization and recorded properly to permit the preparation of financial statements in accordance with generally accepted accounting principles. Because of inherent limitations in any system of internal accounting control, errors or irregularities may still occur without being detected. Also, projection of any ' Additiorml Offices: Nashua,NH •Greenfield,MA 0 Ellswmth,ME