Radford University report on Audit for the year ended June 30, 2008

RADFORD UNIVERSITYREPORT ON AUDITFOR THE YEAR ENDEDJUNE 3030, 20082008AUDIT SUMMARY Our audit of Radford University for the year ended June 30, 2008, found:  the financial statements are presented fairly, in all material respects;  an internal control matter necessary to bring to management’s attention;  no instances of noncompliance or other matters required to be reported; and  the University has not yet completed corrective action with respect to the previously reported finding “Strengthen Controls for Reporting Capital Assets”. Accordingly, we have repeated the aspects of the finding that have not been corrected, in the finding “Strengthen Controls over Capital Projects and Capital Assets” in this report. The University has taken adequate corrective action with respect to findings reported in the previous year report that are not repeated in this report. We have audited the basic financial statements of Radford University as of June 30, 2008, and for the year then ended and issued our report thereon dated April 13, 2009. Our report, included with the University’s basic financial statements, is available at the Auditor of Public Accounts’ website at www.apa.virginia.gov and at the University’s web site at www.radford.edu. -T A B L E O F C O N T E NT S- Pages AUDIT SUMMARY INTERNAL CONTROL FINDING AND RECOMMENDATION 1 INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND ...