We have audited the basic financial statements of Norfolk State University (University) as of and for the year ended June 30, 2024, and issued our report thereon, dated November 18, 2025.  Our report, included in 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 website at www.nsu.edu.  Our audit found:

 

·       the financial statements are presented fairly, in all material respects;

 

·       one deficiency related to financial reporting that we consider to be a material weakness in internal control;

 

·   15 additional internal control findings requiring management’s attention; ten of which also represent instances of noncompliance with applicable laws and regulations or other matters required to be reported under Government Auditing Standards; however, we do not consider them to be material weaknesses; and

 

·   adequate corrective action with respect to two prior audit findings and recommendations identified as complete in the Findings Summary included in the Appendix.

 

Our audit also included testing over the major federal program of the Student Financial Assistance Programs Cluster for the Commonwealth’s Single Audit as described in the U.S. Office of Management and Budget Compliance Supplement and found internal control findings requiring management’s attention and instances of noncompliance in relation to this testing.

 

In the section titled “Internal Control and Compliance Findings and Recommendations,” we have included our assessment of the conditions and causes resulting in the internal control and compliance findings identified through our audits as well as recommendations for addressing those findings.  Our assessment does not remove management’s responsibility to perform a thorough assessment of the conditions and causes of the findings and develop and appropriately implement adequate corrective actions to resolve the findings as required by the Department of Accounts in Topic 10205 – Agency Response to APA Audit of the Commonwealth Accounting Policies and Procedures Manual.  Those corrective actions may include additional items beyond our recommendations.