Michigan Technological University’s Board of Control received a first-rate audit report. The report was given at MTU’s regular meeting on Friday and comes from the external audit firm Rehmann Robson, which performed the year-end financial statement audit. The auditors issued a clean or unmodified opinion, which is the highest level of assurance that an audit firm can place on financial statements.
Michigan Tech President Glenn Mroz said they are obviously pleased with the report, adding that accounting standards and accountability standards change in ways large and small each year. Mroz says it’s a credit to Julie Seppala, who is the Board of Control treasurer and executive director of financial services and operations for the University, that Michigan Tech meets and exceeds those standards.