FILE REFERENCE: 10535 REPLY TO: Andrew Westman
Outdoor Power Equipment Institute of Canada 1605 King Street, 3rd Floor Alexandria,VA 22314 To the Board of Directors: Re: Audit Findings
We are writing this letter in connection with our audit of the financial statements of Outdoor Power Equipment Institute of Canada ("OPEIC") for the year ended 31 December 2024. Management is responsible for establishing and maintaining an adequate internal control structure and procedures for financial reporting. This includes the design and maintenance of accounting records, recording transactions, selecting and applying accounting policies, safeguarding of assets and preventing and detecting fraud and error. Our purpose in writing is to ensure effective two-way communication between us in our role as auditors and yourselves with the role of overseeing the financial reporting process. Auditors' Responsibilities As stated in the engagement letter dated 3 March 2025, our responsibility as auditors of OPEIC is to express an opinion on whether the financial statements present fairly, in all material respects, the financial position, results of operations and cash flows of OPEIC in accordance with Canadian accounting standards for not-for-profit organizations. An audit is performed to obtain reasonable but not absolute assurance as to whether the financial statements are free of material misstatement. Due to the inherent limitations of an audit, there is an unavoidable risk that some misstatements of the financial statements will not be detected (particularly intentional misstatements concealed through collusion), even though the audit is properly planned and performed.
Made with FlippingBook Digital Proposal Creator