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Mr. James Walker <br />City of Pleasanton <br />June 6, 1989 <br />Page 2 <br /> <br /> An audit is based primarily on the selective testing of <br />accounting records and related data; therefore our audit will <br />involve judgment about the number of transactions to be examined <br />and the areas to be tested. Because we will not perform a detailed <br />examination of all transactions, there is a risk that material <br />errors, irregularities, or illegal acts, including fraud or <br />defalcations, may exist and not be detected by us. We will advise <br />you, however, of any matters of that nature that come to our <br />attention. <br /> <br /> We understand that .you will provide us with the basic <br />information required for our audit and that you are responsible <br />for the accuracy and completeness of that information. We will <br />advise you about appropriate accounting principles and their <br />application and will assist in the preparation of your financial <br />statements remains with you. This responsibility includes the <br />maintenance of adequate records and related controls, the selection <br />and application of accounting principles, and the safeguarding of <br />assets. <br /> <br /> We understand that your employees will prepare necessary <br />detail schedules, type all cash or other confirmations we request <br />and locate any invoices selected by us for testing. <br /> <br /> Our examination is not specifically designed and cannot be <br />relied on to disclose material weaknesses in accounting controls. <br />However, during the audit, if we become aware of such material <br />weaknesses in internal accounting control or ways that we believe <br />management practices can be improved, we will communicate them to <br />you in a separate letter. <br /> <br /> We expect to begin our preliminary testing of records on <br />approximately August 7, 1989, audit field work on approximately <br />September 11, 1989 and issue our report no later than December 30, <br />1989. <br /> <br /> Our fees for these services are based on the actual time spent <br />at our governmental hourly rates plus out-of-pocket costs for <br />report production. Our standard hourly rates vary according to the <br />degree of responsibility involved at the experience level of the <br />personnel assigned to your audit. The hourly rates are enumerated <br />below: <br /> <br /> <br />