HomeMy WebLinkAbout2016 Communication Ltr Insero Audit.pdfAugust 31, 2016
Mayor and Village Trustees
Village of Cayuga Heights
Trumansburg, New York
We are engaged to audit the financial statements of the governmental activities, each major fund,
and the aggregate remaining fund information of Village of Cayuga Heights for the year ended May
31, 2016. Professional standards require that we provide you with the following information related
to our audit.
Our Responsibility under U.S. Generally Accepted Auditing Standards
As stated in our engagement letter dated August 31, 2016, our responsibility, as described by
professional standards, is to express opinions about whether the financial statements prepared by
management with your oversight are fairly presented, in all material respects, in conformity with
U.S. generally accepted accounting principles. Our audit of the financial statements does not
relieve you or management of your responsibilities.
Generally accepted accounting principles provide for certain required supplementary information
(RSI) to supplement the basic financial statements. Our responsibility with respect to the
Management’s Discussion and Analysis, Budgetary Comparison Schedules, Schedule of Village
Contributions, and Schedule of the Village’s Proportionate Share of the Net Pension Liability,
which supplement(s) the basic financial statements, is to apply certain limited procedures in
accordance with generally accepted auditing standards. However, the RSI will not be audited and,
because the limited procedures do not provide us with sufficient evidence to express an opinion or
provide any assurance, we will not express an opinion or provide any assurance on the RSI.
Planned Scope, Timing of the Audit, and Other
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements; therefore, our audit will involve judgment about the number of transactions to
be examined and the areas to be tested.
Insero & Co. CPA s, LLP
Rochester | Ithaca | Corning | Cortland | Watkins Glen | (800) 232-9547 | www.inserocpa.com
Mayor and
August 31
Page 2
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