Laserfiche WebLink
Elk River Municipal Utilities <br />April 24, 2012 <br />Page 3 <br />Disagreements with Management <br />For purposes of this letter, professional standards define a disagreement with management as a financial accounting, reporting, or <br />auditing matter, whether or no[ resolved to our satisfaction, that could be significant to the financial statements or the auditor's report. <br />We are pleased to report that no such disagreements arose during the course of our audit. <br />Management Representations <br />We have requested certain representations from management that are included in the management representation letter dated <br />April 24, 2012. <br />Management Consultations with Other Independent Accountants <br />In some cases, management may decide [o consult with other accountants about auditing and accounting matters, similar to obtaining a <br />"second opinion" on certain situations. If a consultation involves application of an accounting principle to the governmental unit's <br />financial statements or a determination of the Type of auditor's opinion that maybe expressed on those statements, our professional <br />standards require the consulting accountant to check with us to determine [hat the consultant has all the relevant facts. To our <br />knowledge, there were no such consultations with other accountants. <br />Other Audit Findings or Issues <br />We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management <br />each year prior to retention as the Utilities' auditors. However, these discussions occurced in the normal course of our professional <br />relationship and our responses were not a condition to our retention. <br />952.835.9090 Fax 952.835.3261 <br />www.aemapas.com <br />