This report is the collective responsibility of the managements of the three state universities. It is intended solely for the information and use of the Arizona Governor's Office of Strategic Planning and Budgeting and the addressees, and is not intended to be and should not be used by anyone other than these specified parties.

An audit of the financial statements of the business-type activities and aggregate discretely presented component units of ASU which collectively comprise the University's financial statements. Reports include consideration of the results of the other auditors' testing of internal control over financial reporting that are reported on separately by those other auditors.