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In preparing the financial mtetennento, management is required to evaluate whether there are conditions orevents, considered inthe aggregate, that raise substantial doubt about the District's ability tocontinue as a going concern for one year after the date that the financial statements are III iiiiiiiii� WM0=1 81 Our objectives are toobtain reasonable assurance about whether the financial statements as whole are free from material misstatement, whether due bofraud or error, and to issue an auditor's report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a rnateho| misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve oo||uoion, forgery, intentional omisoions, rnisrepreoentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggnegate, they would influence the judgment rnedo by o reasonable user based onthe financial statements. In performing an audit in accordance with GAAS, we: • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks ofmaterial misstatement of the financial statements, whether due tofraud orerror, and design and perform audit procedures responsive tothose risks. Such procedures include examining on a test basis, the evidence regarding the amounts and disclosures inthe financial statements. • Obtain on understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the oirounlstonceo, but not for the purpose of expressing an opinion on the effectiveness of the District's internal control. Accordingly, nosuch opinion isexpressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by rnanagernent, as well as evaluate the overall presentation ofthe financial statements. • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District's ability to continue aoogoing concern for areasonable period oftime. We are required to communicate with those changed with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control—related matters that we identified during the audit. Accounting principles generally accepted inthe United States of America require that the management's discussion and analyoka, and schedules as listed in the table of contents be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a pert of the basic financial etoternenta, is required by the Governmental Accounting Standards Board who considers ittobeanessential part offinancial reporting for placing the basic financial statements in an appropriate operationa|, economic, or historical context. K