RD253 - Annual Report on the Audited Annual Financial Statements of the Virginia Commercial Space Flight Authority
Our audit of the Virginia Commercial Space Flight Authority for the year ended June 30, 2005, found:
• the accompanying financial statements present fairly, in all material respects, the Authority’s financial position as of June 30, 2005, and the results of operations and cash flows for the year then ended, in conformity with generally accepted accounting principles;
• no material weaknesses in internal control over financial reporting; and
• no instances of noncompliance with laws and regulations that are required to be reported.