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CURRENT YEAR MANAGEMENT LETTER COMMENT <br /> <br /> Record Auditor Adjustments <br /> During our audit of the Association, we noted that [he Association's accounting records did <br /> <br /> not reflect the 1995 auditor adjusting journal entries. As a result, during the Association's <br /> 1996 fiscal year, the Association's accounting records understated fund balance by <br /> <br /> approximately $10,000. <br /> <br /> We recommend that upon completion of the annual audit, procedures be implemented to <br /> <br /> reconcile the Association's records to the audited firtancial statements. <br /> 1 <br /> <br />