Following is the audit report for the City of Prairie View.
Citizens of Prairie View:
Split Responsibility for Financial Statements
We have audited the accompanying financial statements of the City of Prairie View (the City) as of and for the year ended September 30, 2017. These financial statements are the responsibility of the City'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 and the standards applicable to financial audits contained in the Government Audit Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain a 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 provides a reasonable basis for our opinion.
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the City as of September 30, 2017, and the respective changes in financial position thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America.
Other Matters
Our audit was conducted for the purpose of forming an opinion on the financial statements taken as a whole. The information presented in the Statistical Section is presented for the purpose of additional analysis and is not a required part of the basic financial statements. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we express no opinion on it.
Raphael and Van Eyck, LLP
March 12, 2018
Required
Based on your knowledge of audit reporting requirements for government audits, you have determined that the audit report issued by Raphael and Van- Eyck does not meet requirements. Provide a list of changes that would need to be made to the audit report to bring it into conformance with audit report requirements.