Auditors from the A&M system concentrated on September 2007 to December 2008.
A&M athletic director Bill Byrne, in his online column, said auditors found that the department had limited monitoring of, and limited accountability for, daily financial operations.
Byrne, who become AD in 2002, says many audit recommendations are now in place or will be shortly. Byrne says he is confident that "our business operations are being conducted effectively and efficiently today."
The report notes more than $2.5 million in revenues and expenses were not included in the department's fiscal 2008 statements.
