The City of Mansfield desires the auditor to express an opinion on Mansfield’s financial statements of the governmental activities, the business-type activities, the discretely presented component unit, each major fund and the aggregate remaining fund information in conformity with generally accepted accounting principles. The auditor is required to audit the financial statements of the governmental activities, the business-type activities, the discretely presented component unit(s), each major fund and the aggregate remaining fund information, which collectively comprise the City’s basic financial statements. However, the auditor is to provide an “in-relation-to” statement on the combining and individual fund financial statements and supplementary schedules based on the auditing procedures applied during the audit of the basic financial statements. The auditor is not required to audit the statistical section of the report; this section will remain unaudited but should be reviewed. The auditor shall also be responsible for performing certain limited procedures involving required supplementary information required by the Governmental Accounting Standards Board as mandated by generally accepted auditing standards...
