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Webster University 2011-2012 Audited Financial Statements

Webster University 2011-2012 Audited Financial Statements

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Published by WebsterJournal
A detailed statement of Webster's financial position for the 2011-2012 year.
A detailed statement of Webster's financial position for the 2011-2012 year.

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Categories:Types, Business/Law
Published by: WebsterJournal on Apr 10, 2013
Copyright:Attribution Non-commercial

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07/01/2013

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Webster University
 Accountants’ Report and Consolidated Financial Statements
May 31, 2012 and 2011
 
Webster University
May 31, 2012 and 2011Contents
Independent Accountants’ Report on Consolidated Financial Statements ..................... 1Consolidated Financial Statements
Statements of Financial Position ........................................................................................................ 2Statements of Activities and Changes in Net Assets .......................................................................... 3Statements of Cash Flows .................................................................................................................. 4 Notes to Financial Statements ............................................................................................................ 6
 
 
Independent Accountants’ Report on ConsolidatedFinancial Statements
Board of TrusteesWebster UniversityWebster Groves, MissouriWe have audited the accompanying consolidated statements of financial position of Webster Universityas of May 31, 2012 and 2011, and the related consolidated statements of activities and changes in netassets and cash flows for the years then ended. These financial statements are the responsibility of theUniversity’s management. Our responsibility is to express an opinion on these financial statements basedon our audits.We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assuranceabout whether the financial statements are free of material misstatement. An audit includes examining,on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit alsoincludes assessing the accounting principles used and significant estimates made by management, as wellas evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.In our opinion, the consolidated financial statements referred to above present fairly, in all materialrespects, the financial position of Webster University as of May 31, 2012 and 2011, and the changes in itsnet assets and its cash flows for the years then ended in conformity with accounting principles generallyaccepted in the United States of America.September 20, 2012

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