SACS Principles of Accreditation
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Section V: COC Resources

3.10.2 The institution provides financial statements and related documents, including multiple measures for determining financial health as requested by the Commission, which accurately and appropriately represent the total operation of the institution.



JUDGMENT OF COMPLIANCE

Compliance.

NARRATIVE/JUSTIFICATION FOR JUDGMENT OF COMPLIANCE

The University provides financial statements and related documents, including multiple measures for determining financial health as requested by the Commission, which accurately and appropriately represent the total operation of the institution.

The University prepares financial statements annually that are reviewed by the Vice President for Finance and Administration. The financial statements are prepared in accordance with guidelines set by the Texas A&M University System and the State of Texas Comptroller’s Office. The Annual Financial Report (AFR) (Business Office, Comptroller, Reports, Financial Reports) is included in the Combined Annual Financial Report for The Texas A&M University System which is part of the State of Texas Comprehensive Annual Financial Report (CAFR).

The University’s Annual Financial Report is considered for audit by the State Auditor’s Office each year as part of the State of Texas CAFR. The State Auditor expresses an opinion on the financial statements of the State of Texas but not on the financial statements of the individual component units of the state. The University’s Annual Financial Report (AFR) for the year ended August 31, 2004 will be reviewed by the State Auditor’s Office in conjunction with The Texas A&M University System Internal Auditors. As a result of their actions, the University’s AFR will be produced and available for the Southern Association of Colleges and Schools team during the campus visit.

The State Auditor’s Office has engaged Klynveld, Peat, Marwick and Goedeler (KPMG), LLP, to perform the Federal Portion of the CAFR. There were no material weaknesses or major findings by KPMG on Texas A&M International University’s Schedule of Expenditures of Federal Awards as of August 31, 2002 and August 31, 2003.





SUPPORT DOCUMENTATION


SOURCE

LOCATION/Special Instructions

Business Office, Comptroller, Reports, Financial Reports

http://www.tamiu.edu/adminis/comptroler/reports.shtml

State of Texas Comprehensive Annual Financial Report for the year ended August 31, 2003 SACS Documentation Room
(Killam Library Room 334-C)

State of Texas Federal Portion of the Statewide Single Audit Report for the year ended August 31, 2003

SACS Documentation Room
(Killam Library Room 334-C)



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