HomeMy WebLinkAboutCity Council - 08/23/1972GEORGE M. HANS EN COMPANY
Certified Prblic A $$$$$$$$$$
170 SOUTH PLAZA BUILDING WAYZATA 'BOULEVARD AT HIGHWAY 100
MINNEAPOLIS. NINNIESOTAIS410
1140-0011111
August 23, 1972
Mr. Robert Heinrich, Village Manager
Village of Eden Prairie .
8950 County Road 4
Eden Prairie, Minnesota 55343
Dear Mr. Heinrich:
Under the terms of our professional liability insurance coverage, CPA's are
now required to indicate the scope of their engagement in a letter to their
client.
CPA's are also required to indicate that the CPA's examination of financial
statements, ordinarily for the purpose of indicating that the statements are
fairly presented, will not necessarily discover fraud or defalcation, although
the application of generally accepted auditing procedures may uncover such
situations.
Accordingly, we are now required to send you the enclosed letter and ask that
one copy be signed and returned to us. We believe it serves a good purpose
in better acquainting you with the scope of the work performed by your auditor.
GEORGE M. HANSEN COMPANY
Certified Mlle Aieseemet,
175 SOUTH PL.AZA BUILDING WAYZATA SOULIVAMII AT HIGHWAY 100
MINNEAPOLIS, MINNESOTA 554111
SWAIM
August 23, 1972
Village Council
Village of Eden Prairie
8950 County Road 4
Eden Prairie, Minnesota 55343
Gentlemen:
We are currently planning our fall and winter work program and would appreciate
an indication that we may be invited to conduct the 1972 audit of the Village as
we have in past years,
We propose to conduct a limited general audit and issue our opinion on the basis
of such an audit. A limited general audit is an examination which consists of a
review of internal control, accounting procedures and of the details of all
records, including subsidiary records and supporting data as to mathematical ac-
curacy, propriety and completeness of all transactions on a test basis. The test
examination presumes that the items selected are representative of all the
transactions.
Although a limited general audit is the one most frequently used today, it will
not necessarily discover fraud or defalcation. However, should fraud or defal-
cation exist, it may be uncovered as the result of one or more of the procedures
applied on a test basis.
As in previous years, we plan to do as much work before the year end as possible
so that we may present our report at an early date.
We have enjoyed our relationship with the Village during the past years and hope
that we may be allowed to conduct the 1972 audit.
Very truly yours,
JGM:j1s
Accepted by the Village of Eden Prairie
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