External Audits

In accordance with s. 11.45 F.S., the Florida Auditor General conducts operational and financial audits of the univeristy annually and tri-annually respectively. Below is a history of recent audits.

Effective August 1, 2022: NCAA constitution, Article 2(D)(1)(c) states that all members of the NCAA must submit annually its financial data as determined by the division detailing operating revenues, expenses and capital relating to the intercollegiate athletics program.

The State University System of Florida (SUS) Board of Governors (the Board or BOG) engaged Crowe LLP (Crowe) to assess the financial controls for university support organizations across the SUS’ twelve universities. A report was prepared for each of the 90 DSOs identified for the assessment. DSO reports were summarized at the university level and delivered to university management and the BOG. FAMU Rattler Boosters, Inc.'s financial statement audits comprise the statement(s) of the financial position of the DSO as of the specified date.

An external quality assessment is performed in accordance with the Division of Audit Charter, Board of Governor's Regulation 4.002 and IIA Standard 1312 and is performed at least once every five years. These assessments validate whether the internal audit activity conforms with Standards and regulatory guidance and whether internal auditors conform to the Code of Ethics. The external assessment report and any related improvement plans must be presented to the board of trustees, with a copy provided to the Board of Governors.