The Office of the Comptroller of the Treasury released the 2008-2009 audit of Tennessee State University. The university’s annual audit is an essential part of management accountability and transparency.
The 2008-2009 audit reflected no impropriety or mismanagement of funds. There was one audit finding related to various amounts not being entered correctly in the financial statements. The individual items that comprised the audit finding were not considered material in and of themselves. However, new auditing standards applied a lowered threshold and required that they be grouped together and classified as a finding. Tennessee State University was not alone in receiving such a finding.
Rest assured that our dedicated accounting staff remains strongly committed to a zero-finding audit.
Mr. Bob Hughes, Associate Vice President for Business and Finance, is available at rhughes@tnstate.edu, should you have questions.
OFFICE OF THE VICE PRESIDENT FOR BUSINESS AND FINANCE
No comments:
Post a Comment