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MELANSON, GREENWOOD <br /> �r COMPANY, P.C. <br /> CERTIFIED PUBLIC ACCOUNTANTS <br /> i <br /> ii <br /> .i <br /> To the Board of Selectmen <br /> Town of Mashpee, Massachusetts <br /> ii <br /> We have audited the financial statements of the Town of Mashpee, Massachusetts <br /> as of and for the year ended June 30, 1994 and have issued our report thereon <br /> dated September 23, 1994. As part of our audit, we made a study and evaluation of <br /> the Town's system of internal accounting control to the extent we considered neces- <br /> sary to evaluate the system as required by generally accepted auditing standards. <br /> Under these standards, the purpose of such evaluations are to establish a basis for <br /> reliance on the system of internal accounting control in determining the nature, I <br /> timing and extent of other auditing procedures that are necessary for expressing an <br /> opinion on the financial statements. <br /> I� <br /> The management of the Town of Mashpee, Massachusetts is responsible for estab- <br /> lishing and maintaining a system of internal accounting control. In fulfilling this <br /> responsibility, estimates and judgments by them are required to assess the <br /> expected benefits and related costs of control procedures. The objectives of such a <br /> system are to provide reasonable, but not absolute, assurance that assets are safe- <br /> guarded against loss from unauthorized use or disposition, and that transactions <br /> l <br /> are executed in accordance with required authorization and recorded properly <br /> to permit the preparation of financial statements in accordance with generally <br /> accepted accounting principles. <br /> i� <br /> Because of inherent limitations in any system of internal accounting control, errors <br /> or irregularities may still occur without being detected. Also, projection of any <br /> evaluation of the system to future periods is subject to the risks that procedures may <br /> become inadequate because of changes in conditions or that the degree of compli- <br /> ance with the procedures may deteriorate. <br /> 74 Northeastern Boulevard, Unit 9 • Nashua, NH 03062 • 603-883-2440 <br /> 75 Gilcreast Road, Suite 306 • Londonderry, NH 03053 • 603-434-3122 <br /> 278 Main Street, Suite 208 • Greenfield, MA 01301 • 413-772-2546 <br /> 277 High Street, Suite 2 • Ellsworth, ME 04605 • 207-667-2710 <br />