FIN-2013-6088

Our audit identified two matters that are considered reportable under Government Auditing Standards. First, the University prepared financial statements and notes contained misstatements and without the auditor's corrections the financial statements could have been misleading to users. Second, the University did not promptly request expense reimbursement from federal grant programs, and instead used other funds, some of which may have been restricted for other purposes. Details about each item are provided in the Audit Findings and Responses section of the report.