Specifications include, but are not limited to: 1. The Auditor shall also express an opinion as to the fair presentation of the
supplementary information in conformity with auditing standards generally accepted.
2. The firm shall provide TCC with their Opinions and management letter including
management responses no later than January 31. The Auditor will present the audit
findings and reports to the Executive Board at their meeting in late January or early
February as well as the full Board of Directors and the annual convention in March.
The Auditor should submit a management letter including management’s response
with each audit. The letter should offer suggestions for improvement in financial
management and internal controls.
3. As guided by AICPA Auditing Standards Board Statement on Auditing Standards, the
Auditor should exercise due professional care in understanding the type of
engagement and also requiring that if during the audit the Auditor becomes aware that
TCC is subject to audit requirements which may not be encompassed in the terms of
the engagement the Auditor should communicate to management and the Executive
Board or others with equivalent authority and responsibility that the audit may not
satisfy the requirements.