RD413 - Virginia Retirement System Report on Audit for the Year Ended June 30, 2010


Executive Summary:
Our audit of the Virginia Retirement System for the year ended June 30, 2010, found:

• the financial statements are presented fairly, in all material respects;

• one matter involving an internal control finding requiring management’s attention; however, we do not
consider it to be a material weakness; and

• no instances of noncompliance or other matters required to be reported under Government Auditing Standards

We have audited the basic financial statements of the Virginia Retirement System as of and for the year ended June 30, 2010, and issued our report thereon, dated December 1, 2010. Our report is included in the Virginia Retirement System’s Comprehensive Annual Financial Report that it anticipates releasing on or around December 16, 2010.