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.

Public finance—taxes and other revenues collected by government and the expenditure of those revenues—always has been somewhat controversial because of wide philosophical differences among residents regarding the role that government should play in providing public services and in collecting taxes and fees from its residents. Recently, public finance in Arizona has become a prominent public issue due to the need to resolve the deficits that afflict state government and most county and municipal governments in Arizona.