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State auditors expect unmodified opinion for VMI finances but cite five control deficiencies
Summary
The Virginia Auditor of Public Accounts told the VMI Board of Visitors auditors will issue an unmodified opinion on FY2025 financial statements while reporting five internal‑control findings including security‑training gaps, terminated‑employee access, prompt‑pay lapses, Title IV return calculation errors (overpayments totaling $212) and NSLDS reporting delays.
Scott Booker, audit director at the Virginia Auditor of Public Accounts, briefed the board that his team expects to issue an unmodified opinion on VMI’s fiscal‑year 2025 financial statements after completing field work this week.
"We will complete field work this week and plan to issue an unmodified opinion on VMI's fiscal year 2025 financial statements," Scott Booker said, adding that the audit relies on the VMI Research Labs auditors’ work because their results are…
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