RD162 - Virginia Tobacco Indemnification and Community Revitalization Commission Report on Audit for the Year Ended June 30, 2014


Executive Summary:
Our audit of the Virginia Tobacco Indemnification and Community Revitalization Commission (Commission) for the year ended June 30, 2014, found:

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

• one 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 Commission as of and for the year ended June 30, 2014, and issued our report thereon, dated June 3, 2015. Our report, included in the Commission’s Annual Financial Statements, is available at the Auditor of Public Accounts’ website at http://www.apa.virginia.gov and at the Commission’s website at http://www.tic.virginia.gov.