LARSON ALLEN CAMPUS AUDIT EXIT CONFERENCES

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LARSON ALLEN CAMPUS AUDIT EXIT CONFERENCES

• CENTURY COLLEGE 11/2
• ST. CLOUD STATE UNIVERSITY 10/26
• MINNESOTA STATE UNIVERSITY - MANKATO 11/26
• WINONA STATE UNIVERSITY - 11/9

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REQUIRED COMMUNICATIONS TO AUDIT COMMITTEE (AUDIT
STANDARD NO. 61)
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AUDIT RESULTS (all campuses)

• UNQUALIFIED OPINION ON FINANCIAL POSITION
  RESULTS OF OPERATIONS
• NO COMPLIANCE ISSUES UNDER GOVERNMENT AUDIT
  STANDARDS
• NO MATERIAL WEAKNESSES IN INTERNAL CONTROL OVER
  FINANCIAL REPORTING

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EXIT CONFERENCE DISCUSSION TOPICS

• Financial position and results of operations
• Key financial statement indicators
• Letters of recommendation (management letters)

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LIQUIDITY- OF DAYS EXPENDITURES IN CASH BALANCE
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UNRESTRICTED NET ASSETS