Single Audit Report revisions 1 5 07

Michigan State University Federal Awards Supplemental Information June 30, 2007 Michigan State University Contents Independent Auditor's Report 1 Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 2-3 Report on Compliance with Requirements Applicable to Each Major Program and on Internal Control Over Compliance in Accordance with OMB Circular A-133 4-6 Schedule of Expenditures of Federal Awards Back 7-39 Notes to Schedule of Expenditures of Federal Awards Back 40-42 Schedule of Findings and Questioned Costs 43-50 Summary Schedule of Prior Year Audit Findings 51-52 Corrective Action Plan 53-54 Independent Auditor's Report To the Board of Trustees Michigan State University We have audited the basic financial statements of Michigan State University for the year ended June 30, 2007 and have issued our report thereon dated October 5, 2007. Those basic financial statements are the responsibility of the management of Michigan State University. Our responsibility was to express opinions on those basic financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United ...