Laserfiche WebLink
Internal Control Over Compliance <br />The management of the Authority is responsible for establishing and maintaining effective internal <br />control over compliance with requirements of laws, regulations, contracts and grants applicable to <br />federal programs. In planning and performing our audit, we considered the Authority's internal control <br />over compliance with requirements that could have a direct and material effect on a major federal <br />program in order to determine our auditing procedures for the purpose of expressing our opinion on <br />compliance and to test and report on internal control over compliance in accordance with OMB Circular <br />A-133 and the State Single Audit Implementation Act. <br />Our consideration of the internal control over compliance would not necessarily disclose all matters in <br />the internal control that might be a material weakness. A material weakness is a condition in which the <br />design or operation of one or more of the internal control components does not reduce to a relatively <br />low level the risk that noncompliance with applicable requirements of laws, regulations, contracts and <br />grants that would be material in relation to a major federal program being audited may occur and not <br />be detected within a timely period by employees in the normal course of performing their assigned <br />functions. We noted no matters involving the internal control over compliance and its operation that we <br />consider to be material weaknesses. <br />This report is intended solely for the information and use of management, others within the Authority, <br />members of the Board of Directors, and Federal and State awarding agencies and pass-through <br />entities and is not intended to be and should not be used by anyone other than these specified parties. <br />CARSON, ALLEN, WEISHAIR & CO., LLP <br />Charlotte, North Carolina <br />August 25, 2006 <br />(33) <br />