Reso 2001-401 - Laserfiche WebLink

Home Browse Search

1m Rachlin Cohen & Holtz LLP Certified Public Accountants & Consultants ;. ~i ~:~ <:~ c: 1 ',,/ :,.: i November 21,2001 I I j I I....... NO;; -'-"--'- "'1 -, j ;J 20D1 i j , Mr. Christopher Russo, City Manager City of Sunny Isles Beach 17070 Collins Avenue, Suite 250 Sunny Isles Beach, Florida 33160 Dear Mr. Russo: We are pleased to confirm our understanding of the services we are to provide City of Sunny Isles Beach (the City). We will audit the general purpose financial statement~; of the City as of and for the fiscal years ending September 30,2001,2002 and 2003. Audit Objectives The objective of our audit is the expression of an opinion as to whether your general purpose financial statements are fairly presented, in all material respects, in conformity with generally accepted accounting principles and to report on the fairness of the additional information referred to in the first paragraph when considered in relation to the general purpose financial statements taken as a whole. Our audit will be conducted in accordance with generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the City and other procedures we consider necessary to enable us to express such an opinion. If our opinion on the general purpose financial statements is other than unqualified, we will fully discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or to issue a report as a result of this engagement. We will also provide reports (that do not include opinions) on internal control related to the financial statements and compliance with laws, regulations, and the provisions or grant agreements, noncompliance with, which could have a material effect on the financial statements as required by Government Auditing Standards. Management Responsibilities Management is responsible for establishing and maintaining internal control and for compliance with laws, regulations, contracts, and agreements. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of the controls. The objectives of internal control are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, that transactions are executed in accordance with management's authorizations and recorded properly to permit the preparation of general purpose financial statements in accordance with generally accepted accounting principles. Management is responsible for making all financial records and related information available to us. We understand that you will provide us with such information required for our audit and that you are responsible for the accuracy and completeness of that information. We will advise you about appropriate accounting principles and their application and will assist in the preparation of your financial statements, but the responsibility for the financial statements remains with you. That responsibility includes the One Southeast Third Avenue, Tenth Floor, Miami, Florida 33131 · Tel 305-377-4228 · Fax 305-377-8331 Offices in: Miami' Ft. Lauderdale · Boca Raton · West Palm Beach · Stuart ----~~---------- www.rchcpa.com --~---~-~------ Member of Summit International Associates, lne. with offices in principal cities throughout the world Member of the American Institute of Certified Public Accountants and member of the Florida Institute of Certified Public Accountants