2023 Results & Highlights

Commonwealth of Virginia, State Agencies, and Institutions

• Audited the Commonwealth’s financial statements for fiscal year 2022, providing audit assurance over $94 billion in revenues, $84 billion in expenses, and $166 billion in assets

• Issued the 2022 Single Audit Report which contains the results of the audits of the Commonwealth’s financial statements, as well as 26 major federal programs, and included 111 findings and recommendations related to 21 different entities

• Issued 64 individual reports for audits of state agencies, institutions, and authorities, 33 of which included findings and recommendations

• Performed 11 internal control questionnaire reviews and communicated results to agency management, including a total of 36 individual matters that required management’s attention

• Issued 17 special reports including pension and other post-employment benefit information reviews and our second higher education comparative report

Local Government and the Commonwealth’s Judicial System

• Published the Comparative Report of Local Government Revenues and Expenditures, which is an annual compilation of financial information for the Commonwealth’s localities

• Performed local government fiscal distress monitoring and identified several localities for further review and monitoring

• Issued over 470 reports, containing 101 findings and recommendations, related to local government and the Commonwealth’s Judicial System, including 89 circuit courts, 133 district courts, 85 juvenile and domestic relations courts, and 135 reports on collections of Commonwealth revenues at the local level

Other Office Highlights

• Recognized as one of Richmond’s Top Workplaces by the Richmond Times-Dispatch and Energage for the tenth consecutive year

• Continued implementation of our 5-year Strategic Plan which focuses on technological initiatives and other opportunities for innovation to reflect awareness of the future of the auditing profession

• Began collaboration with the Division of Legislative Automated Systems to update and modernize our website

• Maintained Commonwealth DataPoint, the state’s transparency website