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07-14-1986 Council Packet
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07-14-1986 Council Packet
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Our study and evaluation made for the limited purpose described in the first <br />paragraph would not necessarily disclose all material weaknesses in the system. <br />Accordingly, we do not express an opinion on the system of internal accounting <br />control of the City taken as a whole. However, our study and evaluation <br />disclosed that beta -;se of the limited size of your office staff, your organiza- <br />tion has limited segregation of duties. A good system of internal accounting <br />control contemplates an adequate segregation of duties so that no one individual <br />handles a transaction from inception to completion. While we recognize that <br />your business office is not large enough to permit an adequate segregation of <br />duties in al -espects, it is important, however, that you be aware of this <br />condition. <br />The foregoing conditions were considered in determining the nature, timing, and <br />extent of audit tests to be applied in our examination of the financial <br />statements, and this report of such conditions does not modify our report, dates? <br />May 28, 1986, on such financial statements. <br />This report is intended solely for the use of. the City of Or . cognizant audit <br />agency, and other federal agencies and should not be used for any other purpose. <br />This restriction is not intended to limit the distribution of this report, w�Iich <br />is a matter of public record. <br />May 2-, 1986 <br />Certified Public Accountants <br />- 62 - <br />
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