AUDIT SUMMARY

 

We audited, for the fiscal year ended June 30, 2024, the adequacy of Laurel Ridge Community College’s (Laurel Ridge) corrective actions for the seven audit findings identified during our prior audit of the college’s compliance with Student Financial Assistance federal program requirements and included in the report titled, “Virginia Community College System Report on Audit for the year ended June 30, 2022.”

 

Our audit found Laurel Ridge has taken adequate corrective action for five prior audit findings identified as complete within the Findings Summary in the Appendix.  Corrective action remains ongoing for the two findings identified as ongoing in the Findings Summary.

 

In the section titled “Audit 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.  Those corrective actions may include additional items beyond our recommendations.