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Scope of Audit Services
■ To express an opinion on the fair presentation of the
County of Hawai`i's financial statements as of and for the
fiscal year ended June 30, 2020.
■ To express an opinion on compliance with applicable
federal requirements that could have a direct and material
effect on each of the County of Hawai`i's major federal
programs for the fiscal year ended June 30, 2020.
■ Perform an audit in accordance with auditing standards
generally accepted in the United States of America, the
standards applicable to financial audits contained in
Government Auditing Standards, and the audit
requirements of the Uniform Guidance (Title 2 CFR Part
200)
N&K CPAs, Inc. 2
Summary of Auditor's Results
Type of auditor's report issued Unmodified
Internal control Over financial reporting
Material weakness(es) _ Yes X None
Identified
Significant defciency(ies) _ Yes X None
reported
Required Communication with
Those Charged with Governance
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Significant Accounting Policies No new accounting policies adopted
and the application of existing policies
was not changed during the fiscal year
ended June 30, 2020
Noted no transactions entered into by
the County during the year for which
there is a lack of authoritative guidance
or consensus
All significant transactions have been
recognized in the financial statements
in the proper period
N&K CPAs, Inc. 4
Required Communication with
Those Charged with Governance (Continued )
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Significant Accounting Estimates Significant estimates affecting the
financial statements include:
• Estimate of the useful lives of
capital assets used to compute
depreciation expense
• Estimate of the liability for
postretirement benefits other than
pensions (OPEB)
• Estimate of the net pension liability
• Estimate of the loss reserves for
claims and judgements
• Estimate of the landfill closure and
postclosure cost liability
N&K CPAs, Inc. 5
Required Communication with
Those Charged with Governance (Continued )
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Corrected and Uncorrected There were no misstatements detected
Misstatements that were considered material,
individually or in the aggregate, to the
financial statements
Difficulties Encountered in We encountered no significant
Performing the Audit difficulties in dealing with management,
including any disagreements, in
performing and completing our audit
Management Consultation with To our knowledge, there were no such
Other Accountants consultations with other accountants
N&K CPAs, Inc. 6
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