Applicable Fiscal Year: 2023
Report Category: Internal Control and Compliance
Secretariat: Education
Organization: Virginia Polytechnic Institute and State University
We have audited the basic financial statements of Virginia Polytechnic Institute and State University (Virginia Tech) as of and for the year ended June 30, 2023, and issued our report thereon, dated November 3, 2023. Our report, included in Virginia Tech’s Financial Report, is available at the Auditor of Public Accounts’ website at www.apa.virginia.gov and at Virginia Tech’s website at www.vt.edu. Our audit found:
• the financial statements are presented fairly, in all material respects; and
• no internal control findings requiring management’s attention nor instances of noncompliance or other matters required to be reported under Government Auditing Standards.
Our audit also included testing over the major federal program of the Research and Development Cluster for the Commonwealth’s Single Audit as described in the U.S. Office of Management and Budget Compliance Supplement and found no internal control findings requiring management’s attention or instances of noncompliance in relation to this testing.
We did not perform audit work on the prior audit finding titled “Improve Compliance over Enrollment Reporting” as noted in the Findings Summary included in the Appendix because Virginia Tech did not implement corrective action during our audit period. Corrective action has been ongoing since the fiscal year 2018 audit. We will follow up on this finding during the fiscal year 2024 audit.