HomeMy WebLinkAboutReport on Internal ControlsFishers Island Fire District
REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE
AND OTHER MATTERS BASED ON AN AUDIT
OF ANNUAL FINANCIAL REPORT UPDATE
DOCUMENT PERFORMED IN ACCORDANCE
WITH GO VERNMENT A UDITING STANDARDS
December 31, 2008
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TABLE OF CONTENTS
REPORT ON iNTERNAL CONTROL OVER FINANCIAL REPORTING
AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT
OF ANNUAL FINANCIAL REPORT UPDATE DOCUMENT PERFORMED IN
ACCORDANCE WITH GOVERNMENT.4 UDIT[NG S%4ND.4RDS ...............
PAGE
COMPANY
A PROFESSIONAL CORPORATION OF CERTIFIED PUBLIC ACCOUNTANTS
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON
COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF
ANNUAL FINANCIAL REPORT UPDATE DOCUMENT PERFORMED IN
ACCORDAN CE WITH GO VERNMENT AUDITING STANDARDS
To the Board of Fire Commissioners
Fishers lsland Fire District
We have audited the Annual Financial Report Update Document of the Fishers Island Fire
District as of and for the year ended December 31, 2008, and have issued our report thereon
dated May 3, 2009. We conducted our audit in accordance with auditing standards generally
accepted in the United States of America and the standards applicable to financial audits
contained in Government Auditing Standards, issued by the Comptroller General of the United
States.
Internal Control Over Financial Reporting
In planning and performing our audit, we considered Fishers Island Fire District's internal
control over financial reporting as a basis for designing our auditing procedures for the purpose
of expressing our opinion on the Ammal Financial Report Update Document, but not for the
purpose of expressing an opinion on the effectiveness of the Fishers Island Fire District's internal
control over financial reporting. Accordingly, we do not express an opinion on the effectiveness
of the District's internal control over financial reporting.
Our consideration of internal control over financial reporting was for the limited purpose
described in the preceding paragraph and would not necessarily identify all deficiencies in
internal control over financial reporting that might be significant deficiencies or material
weaknesses. However, as discussed below, we identified certain deficiencies in internal control
over financial reporting that we consider to be a significant deficiency.
Controls over the financial reporting process as they pertain to the preparation of
the Annual Financial Report Update Document, including the related disclosures.
A control deficiency exists when the design or operation of a control does not allow management
or employees, in the normal course of perfonning their assigned functions, to prevent or detect
misstatements on a timely basis. A significant deficiency is a control deficiency, or a
combination of control deficiencies, that adversely affects the District's ability to initiate,
An independent Member of the BDO Seidman Alliance
To the Board of Fire Commissioners
Fishers Island Fire District
Page 2
authorize, record, process, or report financial data reliably in accordance with the cash regulatory
basis of accounting as prescribed by the State Comptroller's Office, which is a comprehensive
basis of accounting other than United States generally accepted accounting principles, such that
there is more than a remote likelihood that a misstatement of the District's Annual Financial
Report Update Document that is more than inconsequential will not be prevented or detected by
the District's internal control.
A material wealmess is a significant deficiency, or a combination of significant deficiencies, that
results in more than a remote likelihood that a material misstatement of the Annual Financial
Report Update Document will not be prevented or detected by the District's internal controls.
Our consideration of the internal controls over financial reporting was for the limited purpose
described in the first paragraph of this section and would not necessarily identify all deficiencies
in the internal control that might be significant deficiencies and, accordingly, would not
necessarily disclose all significant deficiencies that are also considered to be material
weaknesses.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether Fishers Island Fire District's Annual
Financial Report Update Document is free of material misstatement, we performed tests of its
compliance with certain provisions of laws, regulations, contracts and agreements,
noncompliance with which could have a direct and material effect on the determination of the
Annual Financial Report Update Document amounts. However, providing an opinion on
compliance with those provisions was not an objective of our audit and, accordingly, we do not
express such an opinion. The results of our tests did not disclose any instance of noncompliance
or other matters that are required to be reported under Government Auditing Standards.
We noted certain matters that we reported to those charged with governance in a separate letter
dated May 3, 2009.
May 3, 2009
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