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<br /> - 4 - <br /> The system involves listing all checks and hav ing each <br /> officer initial the list as he receives his check. At the end <br /> of the day shift, the remaining checks and a list of the <br /> remaining checks would be passed on to another responsible <br /> ind i v id ual working the night shift. This ind i v id ual should <br /> review these items to insure the accuracy of the list. <br /> Additionally, he should indicate on the list that he has <br /> received all of the checks indicated. As he distributes the <br /> remaining checks, the system described above sho uld remain in <br /> effect so that when all checks have been distributed, all <br /> checks on his list should be initialled off. This distribution <br /> system will place specific accountability for all checks on a <br /> minimal number of responsible i nd i v id ua Is. <br /> The foregoing conditions were considered in determining <br /> the nature, timing, and extent of audit tests to be applied in <br /> our examination of the financial statements, and this report of <br /> such cond it ions does not modify our report dated January 16, <br /> 1984, on such financial statements. <br /> We would like to take this opportunity to express our <br /> appreciation for the courtesy and cooperation ex tended to us <br /> d ur ing the course of our examination. <br /> ~/4u <br /> HAROLD V. SIMPSON & COMPANY <br /> CERTIFIED PUBLIC ACCOUNTANTS <br /> Harold V. Simpson & Company, Certified Public Accountants, Austin, Texas <br />