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Village of Mayfield May 23, 2011 Page 7 Access to Our Reports and Working Papers Statement on Auditing Standards No. 87 (SAS 87, Restricting the Use of an Auditor's Report), requires our reports to disclose the following: Our Independent Accountants' Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Required by Government Auditing Standards, is intended solely for the information and use of the management and those charged with governance. It is not intended for anyone other than these specified parties. SAS 87 requires us to include this restrictive language in our reports due to .concerns that other readers may not fully understand the purpose of the report, the nature of the procedures applied in its preparation, the basis or assumptions used in its preparation, the extent to which the procedures performed are generally known or understood, and the potential for the report to be misunderstood, when taken out of the context for which it was intended. However, under Revised Code Section 117.26, an audit report becomes a public record under Section 149.43, Revised Code, when we file copies of the report with the public officers enumerated in the Revised Code. When we file the reports, our working papers become available to the public upon request, subject to information protected for criminal investigations, by attorney-client privilege or by local, state or federal law. SAS 87 does not affect public access to our reports or working papers. Under generally accepted auditing standards, we must retain working papers for five years after the release date of our opinion. Peer Review Report As required by Government Auditing Standards, we have attached a copy of our most recent external quality control review report (Peer Review). The report was unqualified. If the foregoing is in accordance with your understanding, please sign the copy of this letter in the space provided and return it to us. If you have any questions, please call Jared Wolf at 216-787-3665. Very truly yours, Dave Yost Auditor of State of Ohio _~ ~ ~ Carol-Ann Schindel, CPA, Chief Auditor Attachment cc: Bruce Rinker, Mayor Village Council Finance Committee