COM 0713.001 2022-2024 - Laserfiche WebLink

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To the the Chair and Members of the Co4arlty Council County of Hawai'i, Mate of Hawai'i Auditor's Responsibilities for tfre Audit of the Finae wial Statements O,1r ob ectives are to obtain reasonable aSsurar)ce -1110 t whether the financial statements as a whole are free from material misstatement, whether due to fraud ,V, errc:r, and to issue an auditor's report that includes cur opinions. Reasonable assurance is a high level of assurar�c-.e but is not absoluto assurance and, therefore, is not a guarantee that an audit conducted in accordance with GARS and Guvernment Auditing ,Standards will 91ways detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting frorn fraud is higher than for one resulting from error as fraud may involve cotlusion, forgery intentional orrissions. misrepresentations or the ove�ride of internal control. Misstatements are considered material if there is 3 substantial likelihood `.hat, individually or in the aggregate, they would influence the judgment made by a reasorable user based on the fnaridal statements. In performing an audit in accordance with GARS and Governrpunt Audiling Standards, we: • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error and design and perform audit procedures responsive to those risks. Such proceddrOS incluac-� examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. ■ Obtair an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances bu: rot for the purpose of express!ng an opinion on the e`fectivenass of the Caunty's internal control. Accordingly, no such op-nion is expressed. Evaluate the appropriateness of accounting polices used and the reasonableress of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. Conclude whether, in our judgment, there are conditions or events. considered in the aggregate, that raise substantial doubt about the County's ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged oiith governance regarding. among other matters, the planned scope and timing of the audit, sign.ficant audit find.ngs, and certain internal control -related matters tha' we identified durl.rig the and t. Required Supplementary Information Act :ouwr r;--) principles generally accepted in the United Mates of America require that the management's disc;jssion and analysis and other required supplementary inforrnateon, as identified in the table of contents be presented to supplement the basic financial statements. Such information is the responsibility of rna.nagement arid, although not a part of the basic financial statements, is required by the Governmer}tat Accounting Standards Board. which considers it to be an essential part of financial reporting for placing the basic finandal statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America which consisted of inquiries of management about the methods of preparing the information and comparing the irftrmation for consistency with management's responses to our inquiries, the basic financial statementsand other knowledge we obtained during our audit of the basic financial statements We do not express an opinion or provide any assurance on the information because the limited procedures do riot provide us with sufficient evidence to express an opinion or provide any assurance, 14