Ma n a g eme n t ’ s R e s p o n s i b i l i t y f o r Co n s o l i d a t e d F i n a n c i a l S t a t eme n t s J u n e 3 0 , 2 0 2 2 a n d 2 0 2 1 George L. Hanbury II, Ph.D. University President and Chief Executive Officer Harry K. Moon, M.D. Executive Vice President and Chief Operating Officer Alyson K. Silva, M.AC., CPA Vice President for Finance and Chief Financial Officer Nova Southeastern University management is responsible for preparing the consolidated financial statements and related notes as well as for their integrity and objectivity. The consolidated financial statements, which include estimated amounts based on judgments, have been prepared in accordance with accounting principles generally accepted in the United States of America. The university maintains a system of internal controls that it believes provides reasonable assurance that transactions are executed in accordance with management’s authorization and are properly recorded, that assets are safeguarded, and that accountability for assets is maintained. As part of the annual consolidated financial statement audit, independent auditors review certain aspects of this system of controls, but do not provide any assurance thereon. They do provide recommendations for improvement where appropriate. The independent auditors have unrestricted access to the Audit and Compliance Committee (the committee) of the Board of Trustees, and to the Board of Trustees. The independent auditors meet with the committee at least annually to review internal accounting control, auditing, and financial reporting matters. 10
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