RD41 - Virginia Biotechnology Research Partnership Authority Report on Audit for the Year Ended June 30, 2012


Executive Summary:
Our audit of the Virginia Biotechnology Research Partnership Authority (Authority) for the year ended June 30, 2012, found:

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

• No internal control findings requiring management’s attention; 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 Biotechnology Research Partnership Authority (Authority) as of and for the year ended June 30, 2012, and issued our reports thereon, dated November 20, 2012. Our report is included in the Authority’s Annual Report that it anticipates releasing on or around December 4th, 2012, and will be available at the Auditor of Public Accounts website at www.apa.virginia.gov and at the Authority’s website at http://vabiotech.com/.