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1 <br />L1 <br />u <br /> <br /> <br />i <br /> <br /> <br /> <br /> <br />i <br />1 <br /> <br />1 <br />1 <br />I <br />1 <br />1 <br />1 <br />City of Elk River <br />Ma~~ch 13, 2008 <br />Page 4 <br />Disagreements with Management <br />For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not resolved to <br />our satisfaction, concerning a financial accounting, reporting or auditing matter that could be significant to the financial statements <br />or the auditor's report. We are pleased to report that no such disagreements arose during the course of our audit. <br />Management Representations <br />R'e have requested certain representations from management that are included in the management representations letter dated <br />March 13, 2008. <br />Management Consultations with Other Independent Accountants <br />In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to <br />obtaining a "second opinion" on certain situations. If a consultation involves application of an accounting principle to the City's <br />financial statements or a determination of the type of auditor's opinion that may be expressed on those statements, our professional <br />standards require the consulting accountant to check with us to determine that 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 accountnrg principles and auditing standards, with <br />management prior to retention as the City's auditors. However, these discussions occurred in the normal course of our <br />professional relationship and our responses were not a condition to our retention. <br />9.12.835.9090 Fax 952.835.32fi1 <br />a~ww.aemcpx=_.cum <br />