COM 0260.000 1996-1998 - Laserfiche WebLink

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f _ ~ Coo ers ~ Coopers & Lybrand L. i ' & Ly rand ' a prolessional seances firm REPORT OF INDEPENDENT ACCOUNTANTS To the Executive Committee Hawaii State Association of Counties, Inc. We have audited the accompanying statement of asset, liability and fund balance arising from cash transactions of Hawaii State Association of Counties, Inc. as of June 30, 1996, and the related statement of revenues collected, expenses disbursed and change in fund balance for the year then ended. These financial statements are the responsibility of the Association's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provide a reasonable basis for our opinion. As described in Note 1, the Association's policy is to prepare its financial statements on the basis of cash receipts and disbursements, which is a comprehensive basis of accounting other than generally accepted accounting principles. In our opinion, the financial statements referred to above present fairly, in all material respects, the asset, liability and fund balance arising from cash transactions of Hawaii State Association of Counties, Inc. as of June 30, 1996, and its revenues collected, expenses disbursed and change in fund balance for the year then ended, on the basis of accounting described in Note 1. Ca-s~ ;may C.t_.;p. Honolulu, Hawaii December 5, 1996 1 I i Coopers 8 Lybrantl L.L.P. is a member of Coopers 6 Lybrantl Imernalional, a Swiss limnetl liabibry associarion.