Laserfiche WebLink
For the purpose of this report, we have classified the significant internal control <br /> structure policies and procedures in the following categories: <br /> ACCOUNTING CONTROLS: <br /> Treasury /financing <br /> Revenues / receipts <br /> Purchases / disbursements <br /> External financial reporting <br /> For all of the control categories listed above, we obtained an understanding of <br /> the design of relevant policies and procedures and whether they have been <br /> placed in operation, and we assessed control risk. <br /> :5 Our considerations of the internal control structure would not necessarily <br /> disclose all matters rs in the internal control structure that might be material <br /> weaknesses under standards established by the American Institute of Certified <br /> Public Accountants. A material weakness is a reportable condition in which the <br /> design or operation of the specific internal control structure elements does not <br /> reduce to a relatively low level the risk that errors or irregularities in amounts <br /> that would be material in relation to the general purpose financial statements <br /> 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 <br /> noted no matters involving the internal control structure and its operation that we <br /> consider to be material weaknesses as defined above. <br /> This report is intended for the information of the Town's management and all <br /> applicable federal and state agencies, and should not be used for any other <br /> purpose. This restriction is not intended to limit the distribution of this report, <br /> which upon acceptance by the Town of Mashpee, is a matter of public record. <br /> vv <br /> Greenfield, Massachusetts <br /> September 10, 1993 <br /> - 22 - <br />